Commerzbank Aktiengesellschaft FI Purchases 7,333 Shares of Amazon.com, Inc. $AMZN

Commerzbank Aktiengesellschaft FI increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 443,595 shares of the e-commerce giant’s stock after acquiring an additional 7,333 shares during the quarter. Amazon.com comprises about 2.2% of Commerzbank Aktiengesellschaft FI’s investment portfolio, making the stock its 17th biggest holding. Commerzbank Aktiengesellschaft FI’s holdings in Amazon.com were worth $97,320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com in the second quarter worth approximately $27,000. Cooksen Wealth LLC bought a new stake in Amazon.com during the first quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at $40,000. Capitol Family Office Inc. bought a new stake in Amazon.com during the first quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. grew its stake in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Benchmark reissued a “buy” rating and set a $260.00 price target on shares of Amazon.com in a research note on Wednesday, October 22nd. Stifel Nicolaus raised their price target on Amazon.com from $260.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Wells Fargo & Company upgraded Amazon.com from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $245.00 to $280.00 in a research report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $268.54.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $230.30 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The firm’s 50-day moving average price is $225.17 and its 200-day moving average price is $215.34. The firm has a market capitalization of $2.46 trillion, a P/E ratio of 35.11, a P/E/G ratio of 1.51 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm earned $1.26 earnings per share. Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the transaction, the chief executive officer owned 3,138 shares in the company, valued at approximately $695,286.66. This represents a 85.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the transaction, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 97,911 shares of company stock valued at $21,765,202. 9.70% of the stock is currently owned by insiders.

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.