Amazon.com, Inc. $AMZN is DekaBank Deutsche Girozentrale’s 3rd Largest Position

DekaBank Deutsche Girozentrale lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 9,474,725 shares of the e-commerce giant’s stock after selling 53,704 shares during the period. Amazon.com comprises approximately 3.8% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 3rd largest position. DekaBank Deutsche Girozentrale owned 0.09% of Amazon.com worth $2,130,159,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in AMZN. Barlow Wealth Partners Inc. lifted its stake in Amazon.com by 0.4% during the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock worth $2,763,000 after acquiring an additional 44 shares in the last quarter. Ridgecrest Wealth Partners LLC grew its position in Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after acquiring an additional 45 shares in the last quarter. Bare Financial Services Inc increased its stake in Amazon.com by 5.4% during the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after purchasing an additional 48 shares during the period. Heritage Oak Wealth Advisors LLC boosted its stake in shares of Amazon.com by 1.2% in the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock valued at $862,000 after purchasing an additional 48 shares during the period. Finally, Cobblestone Asset Management LLC boosted its stake in shares of Amazon.com by 3.1% in the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock valued at $367,000 after purchasing an additional 50 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $255.44, for a total value of $638,600.00. Following the completion of the sale, the chief executive officer directly owned 491,007 shares of the company’s stock, valued at $125,422,828.08. This represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 8,173 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the transaction, the director owned 80,030 shares in the company, valued at $20,009,900.90. This represents a 9.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 128,084 shares of company stock worth $29,405,457. Corporate insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 target price on shares of Amazon.com in a research note on Friday, August 1st. DZ Bank reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, October 31st. Morgan Stanley reiterated an “overweight” rating and issued a $315.00 price objective (up from $300.00) on shares of Amazon.com in a research note on Friday, October 31st. Canaccord Genuity Group set a $300.00 target price on Amazon.com and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Bank of America upped their price target on Amazon.com from $272.00 to $303.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $294.15.

Amazon.com Trading Down 2.0%

Shares of Amazon.com stock opened at $244.20 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. The company has a fifty day simple moving average of $228.61 and a 200-day simple moving average of $220.04. The stock has a market cap of $2.61 trillion, a price-to-earnings ratio of 37.23, a PEG ratio of 1.52 and a beta of 1.29. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same period in the previous year, the company earned $1.43 earnings per share. Amazon.com’s quarterly revenue was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.