DJE Kapital AG Grows Stock Position in Amazon.com, Inc. $AMZN

DJE Kapital AG increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,037,443 shares of the e-commerce giant’s stock after purchasing an additional 113,345 shares during the period. Amazon.com accounts for 5.6% of DJE Kapital AG’s investment portfolio, making the stock its largest position. DJE Kapital AG’s holdings in Amazon.com were worth $229,890,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Wilson Asset Management International PTY Ltd. purchased a new stake in shares of Amazon.com in the second quarter worth $11,102,000. ARK Investment Management LLC increased its stake in Amazon.com by 8.3% in the 2nd quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock worth $250,213,000 after acquiring an additional 86,978 shares during the last quarter. Buckhead Capital Management LLC increased its stake in Amazon.com by 16.1% in the 2nd quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock worth $6,232,000 after acquiring an additional 3,948 shares during the last quarter. Flaharty Asset Management LLC raised its holdings in shares of Amazon.com by 87.7% in the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after acquiring an additional 2,377 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd boosted its position in shares of Amazon.com by 6.0% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after acquiring an additional 63,924 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $229.11 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The firm has a market cap of $2.45 trillion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. The business has a 50 day moving average price of $228.38 and a 200-day moving average price of $223.65.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating on shares of Amazon.com in a research report on Wednesday. Wells Fargo & Company reissued an “overweight” rating and issued a $295.00 price target (up previously from $292.00) on shares of Amazon.com in a report on Tuesday. BNP Paribas started coverage on shares of Amazon.com in a research report on Monday, November 24th. They set an “outperform” rating on the stock. Cowen reiterated a “buy” rating on shares of Amazon.com in a research report on Tuesday, November 25th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $305.00 target price on shares of Amazon.com in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $296.11.

Insider Activity at Amazon.com

In related news, Director Keith Brian Alexander sold 900 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $233.00, for a total value of $209,700.00. Following the sale, the director directly owned 7,170 shares of the company’s stock, valued at $1,670,610. This trade represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the transaction, the chief executive officer directly owned 6,273 shares of the company’s stock, valued at $1,360,613.70. The trade was a 73.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 82,234 shares of company stock valued at $19,076,767 in the last quarter. 9.70% of the stock is currently owned by company insiders.

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.