Flossbach Von Storch SE Has $1.49 Billion Stock Holdings in Amazon.com, Inc. $AMZN

Flossbach Von Storch SE lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,803,957 shares of the e-commerce giant’s stock after selling 39,363 shares during the period. Amazon.com accounts for 5.9% of Flossbach Von Storch SE’s holdings, making the stock its 3rd biggest position. Flossbach Von Storch SE owned about 0.06% of Amazon.com worth $1,493,945,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC lifted its position in Amazon.com by 113.2% during the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 60 shares during the last quarter. Sellwood Investment Partners LLC acquired a new position in shares of Amazon.com in the third quarter valued at approximately $27,000. Cooksen Wealth LLC increased its stake in shares of Amazon.com by 23.5% during the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after purchasing an additional 47 shares during the period. PayPay Securities Corp increased its stake in shares of Amazon.com by 62.3% during 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. Finally, Access Investment Management LLC acquired a new stake in Amazon.com during the 2nd quarter worth approximately $74,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

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Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, February 2nd. KeyCorp set a $285.00 price target on shares of Amazon.com in a research note on Friday, February 6th. Wells Fargo & Company lifted their price objective on shares of Amazon.com from $301.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Amazon.com in a report on Monday, December 29th. Finally, TD Cowen restated a “buy” rating on shares of Amazon.com in a research 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 company’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $287.30.

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Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the transaction, the chief executive officer owned 2,208,310 shares in the company, valued at $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the completion of the transaction, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. This trade represents a 4.52% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 42,377 shares of company stock worth $9,236,277. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.2%

Shares of AMZN opened at $201.15 on Wednesday. The firm has a 50 day simple moving average of $229.59 and a two-hundred day simple moving average of $228.48. 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, Inc. has a one year low of $161.38 and a one year high of $258.60. The company has a market cap of $2.16 trillion, a P/E ratio of 28.05, a P/E/G ratio of 1.27 and a beta of 1.37.

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

Amazon.com 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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