Robeco Institutional Asset Management B.V. Lowers Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Robeco Institutional Asset Management B.V. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,789,626 shares of the e-commerce giant’s stock after selling 438,665 shares during the period. Amazon.com makes up approximately 1.4% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 6th largest holding. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Amazon.com worth $486,329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cable Hill Partners LLC boosted its holdings in shares of Amazon.com by 2.8% in the 4th quarter. Cable Hill Partners LLC now owns 13,503 shares of the e-commerce giant’s stock worth $1,134,000 after acquiring an additional 371 shares in the last quarter. Marks Group Wealth Management Inc lifted its holdings in Amazon.com by 2.0% during the 4th quarter. Marks Group Wealth Management Inc now owns 29,876 shares of the e-commerce giant’s stock worth $2,510,000 after buying an additional 580 shares in the last quarter. Vertex Planning Partners LLC acquired a new position in Amazon.com during the 4th quarter worth $368,000. RPG Investment Advisory LLC lifted its holdings in Amazon.com by 1.0% during the 4th quarter. RPG Investment Advisory LLC now owns 99,041 shares of the e-commerce giant’s stock worth $8,319,000 after buying an additional 965 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Amazon.com by 48.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,555,539 shares of the e-commerce giant’s stock valued at $130,664,000 after purchasing an additional 504,711 shares during the period. 57.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. Cowen increased their price target on Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Susquehanna increased their price target on Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Friday, February 3rd. Truist Financial increased their price target on Amazon.com from $142.00 to $144.00 in a research note on Wednesday, April 12th. Rosenblatt Securities increased their price target on Amazon.com from $106.00 to $111.00 in a research note on Friday, April 28th. Finally, JPMorgan Chase & Co. increased their price target on Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Three research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.12.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.90, for a total value of $707,574.40. Following the transaction, the chief executive officer now directly owns 564,298 shares of the company’s stock, valued at $53,551,880.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $104.34, for a total transaction of $54,256.80. Following the sale, the chief executive officer now owns 135,760 shares of the company’s stock, valued at $14,165,198.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 7,456 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total transaction of $707,574.40. Following the sale, the chief executive officer now directly owns 564,298 shares in the company, valued at approximately $53,551,880.20. The disclosure for this sale can be found here. Insiders have sold 74,133 shares of company stock valued at $7,233,467 over the last three months. 12.30% of the stock is owned by insiders.

Amazon.com Stock Down 1.7 %

Shares of AMZN opened at $110.26 on Monday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $146.57. The firm’s 50 day moving average is $101.42 and its 200-day moving average is $96.58. The stock has a market capitalization of $1.13 trillion, a PE ratio of 262.52, a P/E/G ratio of 3.73 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 1.54 EPS for the current year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.