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

Robeco Institutional Asset Management B.V. cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,655,818 shares of the e-commerce giant’s stock after selling 240,338 shares during the quarter. Amazon.com comprises 3.6% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 4th biggest holding. Robeco Institutional Asset Management B.V. owned approximately 0.09% of Amazon.com worth $1,837,116,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AMZN. Tallon Kerry Patrick purchased a new position in Amazon.com during the fourth quarter valued at $800,000. Capital & Planning LLC raised its stake in Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock valued at $856,000 after buying an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC raised its stake in Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock valued at $10,839,000 after buying an additional 860 shares during the last quarter. Brighton Jones LLC raised its stake in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after buying an additional 397,007 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in Amazon.com during the fourth quarter valued at $301,650,000. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 733,195 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the sale, the insider directly owned 894,546,706 shares in the company, valued at $203,079,993,196.12. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the sale, the chief executive officer owned 514,550 shares in the company, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,335,232 shares of company stock worth $3,210,622,570 over the last quarter. 9.70% of the stock is owned by company insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $226.13 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.40 trillion, a P/E ratio of 36.83, a P/E/G ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The business’s 50-day moving average is $213.50 and its 200 day moving average is $208.67.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMZN. Tigress Financial lifted their price objective on Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Bank of America lifted their price objective on Amazon.com from $230.00 to $248.00 and gave the company a “buy” rating in a research note on Monday, June 2nd. Citigroup reiterated a “market outperform” rating on shares of Amazon.com in a research note on Thursday, July 10th. The Goldman Sachs Group lowered their price objective on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, Barclays lowered their price objective on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $250.35.

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.