Amazon.com, Inc. (NASDAQ:AMZN) is Deutsche Bank AG’s 5th Largest Position

Deutsche Bank AG trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,338,881 shares of the e-commerce giant’s stock after selling 582,726 shares during the quarter. Amazon.com accounts for approximately 2.3% of Deutsche Bank AG’s holdings, making the stock its 5th biggest holding. Deutsche Bank AG owned approximately 0.25% of Amazon.com worth $5,778,487,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMZN. Momentous Wealth Management Inc. bought a new position in Amazon.com during the 4th quarter valued at about $749,000. Segall Bryant & Hamill LLC lifted its stake in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Evergreen Capital Management LLC boosted its position in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after buying an additional 1,198 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after buying an additional 2,196,353 shares during the last quarter. Finally, Bearing Point Capital LLC bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $12,014,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.0%

Amazon.com stock opened at $200.99 on Monday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business has a fifty day moving average price of $190.05 and a 200-day moving average price of $208.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the company earned $0.98 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $235.00 price target (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Stifel Nicolaus decreased their target price on Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. UBS Group restated a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Finally, Royal Bank of Canada reduced their price target on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $244.09.

Insider Buying and Selling

In other news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now directly owns 5,465 shares of the company’s stock, valued at $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock worth $20,018,625 in the last three months. Corporate insiders own 9.70% 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.