ABN AMRO Bank N.V. Invests $241.81 Million in Amazon.com, Inc. $AMZN

Key Points

• ABN AMRO Bank N.V. acquired 1.01 million Amazon shares worth approximately $241.8 million in the second quarter, making Amazon its eighth-largest portfolio holding at about 3.1%.
• Institutional investors and hedge funds own 72.2% of Amazon, while insiders have sold 71,589 shares worth roughly $18.6 million over the past three months, including sales by CEOs Andrew Jassy and Douglas Herrington under pre-arranged trading plans.
• Analysts remain broadly bullish, with Amazon carrying a “Moderate Buy” consensus rating and an average price target of $323.26. The company recently beat quarterly earnings and revenue estimates, reporting $5.75 in EPS and $200.61 billion in revenue.

ABN AMRO Bank N.V. acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,013,006 shares of the e-commerce giant's stock, valued at approximately $241,806,000. Amazon.com makes up about 3.1% of ABN AMRO Bank N.V.'s portfolio, making the stock its 8th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Summit Asset Management LLC bought a new position in shares of Amazon.com during the 2nd quarter valued at $10,063,000. S&CO Inc. acquired a new position in shares of Amazon.com during the 2nd quarter valued at about $46,947,000. EJMK Ventures LLC bought a new position in shares of Amazon.com in the 2nd quarter valued at approximately $2,891,000. Bellars Harris Wealth Management LLC bought a new position in shares of Amazon.com in the 2nd quarter valued at approximately $5,600,000. Finally, Sutton Place Investors LLC acquired a new stake in Amazon.com in the 2nd quarter worth approximately $2,584,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, CEO Andrew Jassy sold 20,000 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the sale, the chief executive officer owned 2,235,766 shares of the company's stock, valued at $579,085,751.66. The trade was a 0.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 1,000 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $254.77, for a total transaction of $254,770.00. Following the completion of the transaction, the chief executive officer owned 475,681 shares of the company's stock, valued at approximately $121,189,248.37. This represents a 0.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 71,589 shares of company stock valued at $18,568,785. 8.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and set a $338.00 price objective (up from $328.00) on shares of Amazon.com in a report on Thursday, September 3rd. DA Davidson reissued a "neutral" rating and set a $250.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Weiss Ratings reissued a "buy (b)" rating on shares of Amazon.com in a research report on Monday, August 3rd. Bank of America upped their price target on shares of Amazon.com from $310.00 to $320.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, UBS Group set a $318.00 price target on Amazon.com and gave the company a "buy" rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $323.26.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS expands its custom-chip strategy. Amazon and Qualcomm announced a multi-generation collaboration to develop customized AI data-center silicon, initially focused on AWS inference, along with optical-connectivity solutions of up to 1.6T. The agreement diversifies Amazon’s supply chain beyond Nvidia, Broadcom and its internally developed Trainium chips, while supporting AWS’s long-term AI infrastructure buildout. Qualcomm Announces Multi-Generational Product Collaboration with Amazon
• Positive Sentiment: Profitability remains a key investment argument. Commentary highlighted AWS’s roughly 39% operating margin and recent acceleration in cloud growth as reasons investors may view Amazon’s valuation as attractive, particularly with the stock trading near its 50-day moving average and below its recent high. Amazon’s AWS Operating Margin
• Neutral Sentiment: Amazon is preparing a sterling bond offering. The company has hired banks for its first sterling-denominated bond sale, apparently seeking additional funding sources for major AI and infrastructure investments. The move may improve financing flexibility, but it also underscores the scale of Amazon’s capital requirements. Amazon Hires Banks for First Sterling Bond Sale
• Negative Sentiment: Fatal Prime Air crash increases operational and reputational risk. Federal investigators are examining why a contractor-operated Boeing 767 cargo jet overshot the Miami runway by about 1,300 feet, killing five people. The investigation could bring additional scrutiny to Amazon Air’s contractor oversight, logistics practices and potential liability. Investigators Probe Amazon Cargo Plane Crash
• Negative Sentiment: Employment lawsuit adds legal and regulatory uncertainty. Four former warehouse workers allege Amazon discriminated against pregnant employees by penalizing medically necessary breaks and absences. The class-action complaint could create litigation costs and renewed scrutiny of warehouse labor policies. Amazon Sued for Allegedly Discriminating Against Pregnant Workers

Amazon.com Trading Down 0.6%

Shares of AMZN opened at $256.97 on Wednesday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.77 trillion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 1.99 and a beta of 1.44. The stock's 50-day moving average price is $254.88 and its 200 day moving average price is $243.41.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.Amazon.com's quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.68 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 8.05 earnings per share for the current year.

Amazon.com Company Profile

Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon's websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.

Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.

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