Flossbach Von Storch SE Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Flossbach Von Storch SE reduced its stake in Amazon.com by 9.9% in Q1, owning approximately $1.14 billion worth of shares after selling 661,132 shares.
• Insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon stock worth about $609 million, reducing his ownership by 0.30%.
• Several analysts have upgraded Amazon's stock ratings, with price targets ranging from $250 to $275, indicating a consensus "Buy" rating on the stock.

Flossbach Von Storch SE reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,002,413 shares of the e-commerce giant's stock after selling 661,132 shares during the period. Amazon.com accounts for about 4.9% of Flossbach Von Storch SE's holdings, making the stock its 3rd biggest position. Flossbach Von Storch SE owned about 0.06% of Amazon.com worth $1,142,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the stock. LaFleur & Godfrey LLC grew its stake in Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after acquiring an additional 860 shares during the period. Brighton Jones LLC grew its stake in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after acquiring an additional 397,007 shares during the period. Revolve Wealth Partners LLC grew its stake in Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after acquiring an additional 986 shares during the period. Bank Pictet & Cie Europe AG grew its stake in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after acquiring an additional 54,987 shares during the period. Finally, Highview Capital Management LLC DE grew its stake in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after acquiring an additional 1,518 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. Company insiders own 10.80% of the company's stock.

Amazon.com Price Performance

NASDAQ:AMZN traded up $3.07 during trading hours on Tuesday, reaching $214.72. 12,112,218 shares of the company's stock were exchanged, compared to its average volume of 44,828,645. The company has a market capitalization of $2.28 trillion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. Amazon.com, Inc. has a 12 month low of $158.54 and a 12 month high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business's 50-day simple moving average is $218.42 and its two-hundred day simple moving average is $208.93.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period last year, the firm posted $1.26 earnings per share. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on AMZN shares. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Evercore ISI lowered their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Benchmark reaffirmed a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Robert W. Baird boosted their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, Oppenheimer lowered their price objective on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research note on Friday. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $262.45.

About Amazon.com

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.