Amazon.com, Inc. $AMZN Shares Sold by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 10.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 971,944 shares of the e-commerce giant’s stock after selling 109,422 shares during the period. Amazon.com makes up approximately 2.2% of ABN AMRO Bank N.V.’s portfolio, making the stock its 14th largest holding. ABN AMRO Bank N.V.’s holdings in Amazon.com were worth $202,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Traveka Wealth LLC raised its position in Amazon.com by 0.7% during the 1st quarter. Traveka Wealth LLC now owns 14,711 shares of the e-commerce giant’s stock worth $3,064,000 after buying an additional 107 shares during the last quarter. Jim Saulnier & Associates LLC grew its stake in shares of Amazon.com by 56.8% during the 1st quarter. Jim Saulnier & Associates LLC now owns 3,826 shares of the e-commerce giant’s stock worth $797,000 after purchasing an additional 1,386 shares during the period. Beaumont Asset Management L.L.C. grew its stake in shares of Amazon.com by 7.3% during the 1st quarter. Beaumont Asset Management L.L.C. now owns 21,431 shares of the e-commerce giant’s stock worth $4,463,000 after purchasing an additional 1,466 shares during the period. Welch Financial Planning LLC increased its holdings in shares of Amazon.com by 59.1% in the 1st quarter. Welch Financial Planning LLC now owns 1,854 shares of the e-commerce giant’s stock valued at $386,000 after purchasing an additional 689 shares in the last quarter. Finally, Cambient Family Office LLC increased its holdings in shares of Amazon.com by 15.6% in the 1st quarter. Cambient Family Office LLC now owns 73,030 shares of the e-commerce giant’s stock valued at $15,210,000 after purchasing an additional 9,875 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 15,467 shares of Amazon.com stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.40, for a total value of $4,074,007.80. Following the completion of the sale, the chief executive officer owned 14,159 shares in the company, valued at $3,729,480.60. The trade was a 52.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the transaction, the senior vice president directly owned 41,190 shares of the company’s stock, valued at approximately $11,060,750.70. This represents a 18.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 195,774 shares of company stock valued at $51,643,704. 8.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Scotiabank reiterated an “outperform” rating and set a $325.00 price target (up from $275.00) on shares of Amazon.com in a research report on Thursday, April 30th. TD Securities upgraded Amazon.com to a “buy” rating in a research report on Monday, April 13th. Roth Mkm raised their price target on Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Canaccord Genuity Group lifted their price target on Amazon.com from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley raised their target price on shares of Amazon.com from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $312.79.

Amazon.com Price Performance

AMZN stock opened at $242.67 on Friday. The stock has a market capitalization of $2.61 trillion, a P/E ratio of 29.03, a PEG ratio of 1.81 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56. The company has a 50 day moving average price of $254.57 and a two-hundred day moving average price of $234.57.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. During the same quarter in the prior year, the company posted $1.59 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, sell-side analysts expect that Amazon.com, Inc. will post 7.75 EPS for the current year.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon said its Leo satellite network has enough satellites to begin initial broadband service this year, opening a new growth opportunity in satellite internet. Reuters: Amazon to start initial Leo internet service this year as network nears 400 satellites
• Positive Sentiment: Amazon is expanding its AI strategy with custom device chips and broader AWS AI capabilities, which could support future margins and growth. CNBC: Amazon is designing its own AI chips for Echo, Fire TV and future devices
• Positive Sentiment: Prime Day-related reports pointed to strong online shopping demand, reinforcing confidence in Amazon’s retail momentum heading into earnings. Yahoo Finance/Reuters: Online Spending Rises 5.3% on First Day of Amazon’s Prime Day

About Amazon.com

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.