Amazon.com, Inc. (NASDAQ:AMZN) is Robeco Institutional Asset Management B.V.’s 4th Largest Position

Robeco Institutional Asset Management B.V. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,446,386 shares of the e-commerce giant’s stock after purchasing an additional 294,438 shares during the period. Amazon.com accounts for 3.5% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 4th biggest holding. Robeco Institutional Asset Management B.V. owned 0.09% of Amazon.com worth $1,760,145,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of AMZN. International Assets Investment Management LLC increased its stake in Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after acquiring an additional 38,949,065 shares during the period. Swedbank AB acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $2,239,757,000. Strategic Financial Concepts LLC increased its position in shares of Amazon.com by 13,606.7% during the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after purchasing an additional 3,903,889 shares during the period. Wulff Hansen & CO. raised its stake in shares of Amazon.com by 20,517.4% in the second quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock valued at $750,646,000 after purchasing an additional 3,865,485 shares in the last quarter. Finally, Granite Bay Wealth Management LLC lifted its position in Amazon.com by 6,590.8% in the second quarter. Granite Bay Wealth Management LLC now owns 2,353,894 shares of the e-commerce giant’s stock worth $432,394,000 after purchasing an additional 2,318,713 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 2.3 %

Shares of AMZN opened at $230.26 on Thursday. The firm has a market cap of $2.42 trillion, a P/E ratio of 49.31, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $231.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The business has a 50-day moving average of $198.98 and a 200 day moving average of $188.78.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Pivotal Research began coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 target price for the company. Evercore ISI lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Moffett Nathanson increased their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Truist Financial lifted their price objective on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Morgan Stanley upped their price target on shares of Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $237.42.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. Corporate insiders own 10.80% of the company’s stock.

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.