Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 436,262 shares of the e-commerce giant’s stock after acquiring an additional 21,317 shares during the quarter. Amazon.com makes up approximately 1.9% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 20th biggest position. Commerzbank Aktiengesellschaft FI’s holdings in Amazon.com were worth $83,003,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Bear Mountain Capital Inc. grew its stake in shares of Amazon.com by 28.1% in the first quarter. Bear Mountain Capital Inc. now owns 15,230 shares of the e-commerce giant’s stock worth $2,854,000 after acquiring an additional 3,343 shares in the last quarter. Kooman & Associates grew its stake in Amazon.com by 6.4% during the 1st quarter. Kooman & Associates now owns 4,078 shares of the e-commerce giant’s stock worth $776,000 after purchasing an additional 246 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in Amazon.com by 6.3% during the 1st quarter. Kingsview Wealth Management LLC now owns 526,608 shares of the e-commerce giant’s stock worth $100,192,000 after purchasing an additional 30,977 shares in the last quarter. Frederick Financial Consultants LLC grew its stake in Amazon.com by 21.6% during the 1st quarter. Frederick Financial Consultants LLC now owns 4,429 shares of the e-commerce giant’s stock worth $843,000 after purchasing an additional 788 shares in the last quarter. Finally, Archvest Wealth Advisors Inc. grew its stake in Amazon.com by 8.5% during the 1st quarter. Archvest Wealth Advisors Inc. now owns 9,771 shares of the e-commerce giant’s stock worth $1,859,000 after purchasing an additional 765 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares in the company, valued at $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 over the last three months. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 2.9%

AMZN stock opened at $230.98 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market capitalization of $2.46 trillion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a fifty day moving average of $221.06 and a 200-day moving average of $208.69.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 earnings per share. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Rosenblatt Securities boosted their price objective on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. JMP Securities reiterated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Friday, August 1st. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Wedbush boosted their price target on shares of Amazon.com from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus target price of $262.87.

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.