Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale increased its stake in Amazon by 0.6%, now owning 9,528,429 shares, which represents 3.5% of its investment portfolio.
• Amazon has shown impressive financial results, reporting a $1.68 EPS that exceeded analysts' expectations, with quarterly revenues reaching $167.70 billion.
• Over the last quarter, insiders sold approximately 25 million shares of Amazon stock, valued at nearly $5.67 billion, while institutional investors own 72.20% of the stock.

DekaBank Deutsche Girozentrale increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 9,528,429 shares of the e-commerce giant's stock after purchasing an additional 53,704 shares during the quarter. Amazon.com accounts for 3.5% of DekaBank Deutsche Girozentrale's holdings, making the stock its 3rd biggest holding. DekaBank Deutsche Girozentrale owned approximately 0.09% of Amazon.com worth $1,790,586,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of AMZN. Northern Capital Management Inc. raised its stake in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares during the last quarter. Balanced Wealth Group LLC raised its stake in shares of Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after purchasing an additional 48 shares during the last quarter. ETF Store Inc. raised its stake in shares of Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after purchasing an additional 48 shares during the last quarter. Chatham Capital Group Inc. raised its stake in shares of Amazon.com by 0.8% in the fourth quarter. Chatham Capital Group Inc. now owns 6,019 shares of the e-commerce giant's stock worth $1,321,000 after purchasing an additional 50 shares during the last quarter. Finally, Foundry Financial Group Inc. raised its stake in shares of Amazon.com by 3.5% in the fourth quarter. Foundry Financial Group Inc. now owns 1,507 shares of the e-commerce giant's stock worth $331,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

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 stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 25,099,537 shares of company stock worth $5,674,394,548. Insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMZN. Cantor Fitzgerald raised their target price on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a report on Friday. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. raised their target price on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday. JMP Securities reaffirmed a "market outperform" rating and set a $285.00 target price on shares of Amazon.com in a report on Friday. Finally, Pivotal Research raised their target price on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Friday. One investment analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $262.45.

Amazon.com Stock Up 1.5%

AMZN traded up $3.07 on Tuesday, hitting $214.72. 12,112,218 shares of the company were exchanged, compared to its average volume of 44,828,645. Amazon.com, Inc. has a twelve month low of $158.54 and a twelve month high of $242.52. The company has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $218.42 and a two-hundred day moving average price of $208.93.

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