ING Groep NV Has $291.03 Million Stock Position in Amazon.com, Inc. $AMZN

Key Points

• ING Groep NV increased its holdings in Amazon.com, Inc. by 80.8%, acquiring 683,468 shares during the first quarter, bringing its total ownership to over 1.5 million shares.
• Wall Street analysts have set an average target price of $262.87 for Amazon.com, with a consensus rating of "Buy" from most analysts.
• In insider trading, both VP Shelley Reynolds and CFO Brian T. Olsavsky sold significant amounts of Amazon stock, contributing to a total of 25 million shares sold by insiders recently.

ING Groep NV raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 80.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,529,631 shares of the e-commerce giant's stock after buying an additional 683,468 shares during the period. Amazon.com comprises approximately 2.0% of ING Groep NV's investment portfolio, making the stock its 9th biggest holding. ING Groep NV's holdings in Amazon.com were worth $291,028,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in shares of Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares during the period. Northern Trust Corp increased its stake in shares of Amazon.com by 14.0% during the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after purchasing an additional 11,926,749 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Amazon.com by 14.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,975,984 shares of the e-commerce giant's stock worth $14,474,471,000 after purchasing an additional 8,142,030 shares during the period. Capital World Investors increased its stake in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Amazon.com by 4.7% during the fourth quarter. Invesco Ltd. now owns 57,591,462 shares of the e-commerce giant's stock worth $12,634,991,000 after purchasing an additional 2,579,094 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AMZN shares. Scotiabank increased their target price on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, July 22nd. Barclays raised their price objective on Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Pivotal Research raised their price objective on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Telsey Advisory Group restated an "outperform" rating and set a $265.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. Finally, Wells Fargo & Company raised their price objective on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $262.87.

Amazon.com Price Performance

Shares of AMZN stock traded down $3.35 during trading hours on Friday, reaching $232.33. The company's stock had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. The firm's 50 day simple moving average is $225.74 and its 200-day simple moving average is $208.13. The company has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 35.42, a PEG ratio of 1.58 and a beta of 1.30. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week 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.

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, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter last year, the business posted $1.26 EPS. The company's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the transaction, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their position. The sale was disclosed in a filing 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 Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock worth $5,676,032,574 over the last 90 days. 9.70% of the stock is currently owned by company insiders.

Amazon.com 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.