Flossbach Von Storch SE Acquires 840,907 Shares of Amazon.com, Inc. $AMZN

Flossbach Von Storch SE raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 14.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,843,320 shares of the e-commerce giant’s stock after buying an additional 840,907 shares during the quarter. Amazon.com accounts for approximately 6.1% of Flossbach Von Storch SE’s holdings, making the stock its 2nd biggest holding. Flossbach Von Storch SE’s holdings in Amazon.com were worth $1,501,356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. Barlow Wealth Partners Inc. raised its stake in shares of Amazon.com by 0.4% in the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after acquiring an additional 44 shares during the last quarter. Ridgecrest Wealth Partners LLC raised its position in shares of Amazon.com by 0.5% during the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after acquiring an additional 45 shares during the last quarter. Probity Advisors Inc. lifted its position in Amazon.com by 0.4% during the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock valued at $2,667,000 after purchasing an additional 45 shares during the period. Bare Financial Services Inc grew its holdings in Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after acquiring an additional 48 shares during the period. Finally, Heritage Oak Wealth Advisors LLC grew its stake in shares of Amazon.com by 1.2% during the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock worth $862,000 after purchasing an additional 48 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the transaction, the chief executive officer directly owned 2,208,310 shares in the company, valued at $479,070,771.40. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total value of $3,853,879.20. Following the sale, the chief executive officer owned 6,273 shares in the company, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 82,234 shares of company stock valued at $19,076,767. 9.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Zacks Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. William Blair restated an “outperform” rating on shares of Amazon.com in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Benchmark raised their price objective on shares of Amazon.com from $260.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Robert W. Baird set a $285.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $296.11.

Amazon.com Stock Down 1.4%

Shares of AMZN stock opened at $229.11 on Friday. The firm’s fifty day moving average price is $228.38 and its two-hundred day moving average price is $223.65. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The firm has a market capitalization of $2.45 trillion, a P/E ratio of 32.36, a PEG ratio of 1.60 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.