Amazon.com, Inc. $AMZN Shares Sold by ABN Amro Investment Solutions

ABN Amro Investment Solutions cut its holdings in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 4.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 936,357 shares of the e-commerce giant’s stock after selling 40,592 shares during the period. Amazon.com makes up approximately 4.2% of ABN Amro Investment Solutions’ investment portfolio, making the stock its 4th largest position. ABN Amro Investment Solutions’ holdings in Amazon.com were worth $205,596,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AMZN. Fairway Wealth LLC raised its position in shares of Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 60 shares in the last quarter. Sellwood Investment Partners LLC acquired a new position in Amazon.com in the 3rd quarter valued at $27,000. Bridge Generations Wealth Management LLC lifted its position in shares of Amazon.com by 2,330.0% during the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock valued at $53,000 after acquiring an additional 233 shares during the period. Cooksen Wealth LLC grew its holdings in shares of Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after purchasing an additional 47 shares in the last quarter. Finally, PayPay Securities Corp increased its position in shares of Amazon.com by 62.3% in the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock worth $55,000 after purchasing an additional 96 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Amazon.com stock opened at $213.31 on Friday. The business has a 50 day moving average of $224.83 and a 200-day moving average of $227.21. The company has a market capitalization of $2.29 trillion, a P/E ratio of 29.75, a P/E/G ratio of 1.64 and a beta of 1.40. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business had revenue of $213.39 billion for the quarter, compared to the consensus estimate of $211.02 billion. During the same period in the previous year, the firm earned $1.86 earnings per share. The company’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $310.00 price objective (up from $304.00) on shares of Amazon.com in a research report on Tuesday, February 3rd. Bank of America dropped their target price on shares of Amazon.com from $303.00 to $286.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Roth Mkm reiterated a “buy” rating and set a $295.00 price target (up from $270.00) on shares of Amazon.com in a research report on Monday, January 26th. JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a research note on Friday, February 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Amazon.com in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.29.

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Amazon.com News Roundup

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Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.90, for a total value of $554,900.50. Following the sale, the vice president directly owned 119,780 shares in the company, valued at $24,662,702. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the sale, the chief executive officer directly owned 2,238,118 shares of the company’s stock, valued at $459,217,051.24. This represents a 0.88% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 71,686 shares of company stock valued at $14,688,739. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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