Commerzbank Aktiengesellschaft FI boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 436,262 shares of the e-commerce giant's stock after purchasing an additional 21,317 shares during the quarter. Amazon.com makes up 1.9% of Commerzbank Aktiengesellschaft FI's investment portfolio, making the stock its 20th biggest holding. Commerzbank Aktiengesellschaft FI's holdings in Amazon.com were worth $83,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $35,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the 1st quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 72.20% of the company's stock.
Insider Transactions at Amazon.com
In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction 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 transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 in the last quarter. 9.70% of the stock is owned by insiders.
Analyst Ratings Changes
A number of brokerages have recently issued reports on AMZN. HSBC increased their target price on Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Robert W. Baird lifted their price objective on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Cantor Fitzgerald lifted their price objective on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. DA Davidson lifted their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Rosenblatt Securities lifted their price objective on Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Amazon.com presently has a consensus rating of "Buy" and an average price target of $262.87.
View Our Latest Report on AMZN
Amazon.com Stock Performance
Shares of AMZN stock traded up $0.05 on Friday, reaching $231.03. The stock had a trading volume of 39,600,434 shares, compared to its average volume of 47,994,872. 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 firm's 50-day moving average is $221.41 and its two-hundred day moving average is $208.44. The firm has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.22, a P/E/G ratio of 1.56 and a beta of 1.31. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $1.26 earnings per share. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
About Amazon.com
(
Free Report)
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.
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