Amazon.com, Inc. $AMZN Stake Boosted by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 76.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 861,826 shares of the e-commerce giant’s stock after purchasing an additional 374,165 shares during the period. Amazon.com accounts for 1.9% of ABN AMRO Bank N.V.’s portfolio, making the stock its 19th largest position. ABN AMRO Bank N.V.’s holdings in Amazon.com were worth $189,305,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Amazon.com during the second quarter valued at $27,438,011,000. Nuveen LLC bought a new stake in Amazon.com in the 1st quarter valued at about $11,674,091,000. Vanguard Group Inc. boosted its stake in Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after purchasing an additional 17,447,045 shares during the period. Laurel Wealth Advisors LLC grew its position in Amazon.com by 22,085.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock worth $2,671,634,000 after purchasing an additional 12,122,668 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after purchasing an additional 10,176,835 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.90, for a total transaction of $554,900.50. Following the completion of the sale, the vice president directly owned 119,780 shares in the company, valued at approximately $24,662,702. This trade represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 17,751 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the transaction, the chief executive officer owned 9,405 shares in the company, valued at approximately $1,930,094.10. This represents a 65.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 73,186 shares of company stock worth $15,067,539. Company insiders own 9.70% of the company’s stock.

Amazon.com Trading Down 1.3%

Amazon.com stock opened at $207.92 on Friday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. The firm has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 1.35 and a beta of 1.37. The company has a 50 day moving average price of $227.00 and a 200 day moving average price of $227.79.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The business had revenue of $213.39 billion during the quarter, compared to analysts’ expectations of $211.02 billion. During the same quarter in the previous year, the company earned $1.86 EPS. Amazon.com’s revenue for the quarter was up 13.6% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. Evercore set a $285.00 price objective on Amazon.com in a research report on Friday, February 6th. DA Davidson restated a “neutral” rating and issued a $175.00 target price (down from $300.00) on shares of Amazon.com in a research report on Friday, February 6th. Robert W. Baird set a $285.00 price target on Amazon.com and gave the company an “outperform” rating in a research note on Friday, October 31st. BNP Paribas Exane assumed coverage on Amazon.com in a research report on Monday, November 24th. They set an “outperform” rating on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $300.00 price objective on shares of Amazon.com in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $287.29.

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About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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