Deutsche Bank AG Sells 582,726 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Deutsche Bank AG reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,338,881 shares of the e-commerce giant's stock after selling 582,726 shares during the period. Amazon.com makes up about 2.3% of Deutsche Bank AG's investment portfolio, making the stock its 5th biggest holding. Deutsche Bank AG owned approximately 0.25% of Amazon.com worth $5,778,487,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC grew its holdings in Amazon.com by 0.7% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock valued at $9,906,000 after purchasing an additional 318 shares in the last quarter. RMR Wealth Builders boosted its position in Amazon.com by 2.5% in the 4th quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant's stock valued at $15,450,000 after buying an additional 1,690 shares during the last quarter. Johnson & White Wealth Management LLC grew its stake in shares of Amazon.com by 3.1% during the fourth quarter. Johnson & White Wealth Management LLC now owns 8,864 shares of the e-commerce giant's stock valued at $1,952,000 after acquiring an additional 268 shares in the last quarter. Shira Ridge Wealth Management grew its stake in shares of Amazon.com by 8.1% during the fourth quarter. Shira Ridge Wealth Management now owns 3,836 shares of the e-commerce giant's stock valued at $842,000 after acquiring an additional 286 shares in the last quarter. Finally, Ayrshire Capital Management LLC increased its position in shares of Amazon.com by 3.7% during the fourth quarter. Ayrshire Capital Management LLC now owns 44,282 shares of the e-commerce giant's stock worth $9,715,000 after acquiring an additional 1,576 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of analyst reports. Cantor Fitzgerald increased their price target on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Citizens Jmp cut their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Raymond James reissued an "outperform" rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Telsey Advisory Group restated an "outperform" rating and issued a $235.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Stifel Nicolaus reduced their price objective on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the sale, the senior vice president now owns 47,030 shares of the company's stock, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock worth $20,018,625 in the last quarter. 9.70% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded up $0.98 during mid-day trading on Thursday, reaching $205.70. 34,630,040 shares of the company traded hands, compared to its average volume of 41,998,938. The stock has a fifty day simple moving average of $190.60 and a 200-day simple moving average of $208.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market cap of $2.18 trillion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The business's revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Company 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.