Raiffeisen Bank International AG Has $86.95 Million Stake in Amazon.com, Inc. $AMZN

Raiffeisen Bank International AG grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 406,801 shares of the e-commerce giant’s stock after acquiring an additional 19,624 shares during the period. Amazon.com accounts for 1.3% of Raiffeisen Bank International AG’s portfolio, making the stock its 11th largest holding. Raiffeisen Bank International AG’s holdings in Amazon.com were worth $86,948,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com during the second quarter worth $27,000. Maryland Capital Advisors Inc. lifted its position in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares in the last quarter. Ryan Investment Management Inc. bought a new stake in Amazon.com during the 2nd quarter worth about $48,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Amazon.com in the 1st quarter valued at about $59,000. Finally, Access Investment Management LLC bought a new position in shares of Amazon.com in the second quarter worth about $74,000. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Amazon.com Price Performance

Shares of AMZN opened at $229.53 on Friday. The stock has a market cap of $2.45 trillion, a P/E ratio of 32.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The stock’s 50-day moving average price is $228.58 and its two-hundred day moving average price is $223.95. 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 (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same period last year, the company posted $1.43 EPS. Amazon.com’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMZN. Arete Research increased their price target on shares of Amazon.com from $248.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Oppenheimer reiterated an “outperform” rating and issued a $305.00 price objective (up from $290.00) on shares of Amazon.com in a research report on Monday, December 1st. CIBC boosted their target price on Amazon.com to $315.00 in a research report on Monday, October 20th. DZ Bank reiterated a “buy” rating on shares of Amazon.com in a report on Friday, October 31st. Finally, KeyCorp reissued an “overweight” rating on shares of Amazon.com in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.93.

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.