Cardano Risk Management B.V. Has $602.36 Million Position in Amazon.com, Inc. $AMZN

Cardano Risk Management B.V. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,745,630 shares of the e-commerce giant’s stock after purchasing an additional 216,675 shares during the quarter. Amazon.com makes up 7.7% of Cardano Risk Management B.V.’s investment portfolio, making the stock its 4th largest position. Cardano Risk Management B.V.’s holdings in Amazon.com were worth $602,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. 3Chopt Investment Partners LLC boosted its position in shares of Amazon.com by 2.9% during the 2nd quarter. 3Chopt Investment Partners LLC now owns 24,304 shares of the e-commerce giant’s stock valued at $5,332,000 after acquiring an additional 680 shares during the last quarter. Total Wealth Planning & Management Inc. lifted its stake in Amazon.com by 9.5% in the second quarter. Total Wealth Planning & Management Inc. now owns 13,505 shares of the e-commerce giant’s stock worth $2,963,000 after purchasing an additional 1,168 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Amazon.com by 1.7% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 443,595 shares of the e-commerce giant’s stock valued at $97,320,000 after acquiring an additional 7,333 shares during the last quarter. Stiles Financial Services Inc raised its holdings in Amazon.com by 2.0% during the 2nd quarter. Stiles Financial Services Inc now owns 39,652 shares of the e-commerce giant’s stock valued at $8,699,000 after buying an additional 792 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. boosted its position in Amazon.com by 4.8% during the 2nd quarter. Verde Servicos Internacionais S.A. now owns 40,995 shares of the e-commerce giant’s stock valued at $8,994,000 after buying an additional 1,881 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Up 0.5%

Shares of NASDAQ AMZN opened at $230.30 on Thursday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm has a 50-day simple moving average of $225.17 and a two-hundred day simple moving average of $215.34. The company has a market cap of $2.46 trillion, a P/E ratio of 35.11, a PEG ratio of 1.51 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Canaccord Genuity Group restated a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Citizens Jmp started coverage on Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating for the company. UBS Group reissued a “buy” rating and set a $279.00 price target (up previously from $271.00) on shares of Amazon.com in a research report on Tuesday. Rosenblatt Securities lifted their price target on shares of Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Arete lifted their price objective on Amazon.com from $248.00 to $253.00 and gave the stock a “buy” rating in a report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $268.54.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares in the company, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the sale, the chief executive officer directly owned 515,507 shares in the company, valued at $111,916,569.70. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 97,911 shares of company stock valued at $21,765,202 in the last 90 days. Corporate insiders own 9.70% of the company’s stock.

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.