Robeco Institutional Asset Management B.V. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,184 shares of the e-commerce giant’s stock after buying an additional 1,389 shares during the period. Amazon.com comprises 1.2% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 6th biggest holding. Robeco Institutional Asset Management B.V.’s holdings in Amazon.com were worth $348,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in AMZN. Gulf International Bank UK Ltd lifted its position in shares of Amazon.com by 0.5% in the 2nd quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock worth $187,387,000 after purchasing an additional 480 shares during the period. Weiss Asset Management LP bought a new position in shares of Amazon.com during the 1st quarter worth approximately $214,000. Corundum Group Inc. bought a new position in shares of Amazon.com during the 4th quarter worth approximately $888,000. Allstate Corp raised its stake in shares of Amazon.com by 18.8% during the 1st quarter. Allstate Corp now owns 29,354 shares of the e-commerce giant’s stock worth $52,272,000 after acquiring an additional 4,641 shares in the last quarter. Finally, Evanson Asset Management LLC raised its stake in shares of Amazon.com by 1.3% during the 2nd quarter. Evanson Asset Management LLC now owns 4,493 shares of the e-commerce giant’s stock worth $8,508,000 after acquiring an additional 59 shares in the last quarter. 57.32% of the stock is owned by institutional investors.
AMZN has been the subject of several recent analyst reports. Loop Capital set a $2,380.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research note on Monday, July 15th. Piper Jaffray Companies boosted their price objective on shares of Amazon.com from $2,070.00 to $2,225.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Robert W. Baird set a $2,150.00 price objective on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Friday, July 26th. William Blair reiterated an “outperform” rating on shares of Amazon.com in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, July 29th. Three analysts have rated the stock with a hold rating and forty-two have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $2,251.95.
NASDAQ:AMZN traded down $32.08 during trading hours on Friday, hitting $1,823.24. The stock had a trading volume of 4,947,242 shares, compared to its average volume of 3,517,941. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. Amazon.com, Inc. has a 1-year low of $1,307.00 and a 1-year high of $2,050.50. The firm has a 50 day simple moving average of $1,936.03. The company has a market capitalization of $917.75 billion, a P/E ratio of 90.53, a PEG ratio of 2.35 and a beta of 1.55.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The firm had revenue of $63.40 billion during the quarter, compared to analyst estimates of $62.59 billion. During the same period last year, the business earned $5.07 EPS. The firm’s revenue was up 19.9% compared to the same quarter last year. As a group, equities research analysts expect that Amazon.com, Inc. will post 24.52 earnings per share for the current fiscal year.
In other news, CEO Jeffrey A. Wilke sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $1,926.29, for a total transaction of $4,815,725.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $19,262,900. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David Zapolsky sold 763 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total value of $1,526,000.00. Following the transaction, the insider now owns 2,698 shares of the company’s stock, valued at $5,396,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,493 shares of company stock valued at $31,862,157. Company insiders own 16.10% of the company’s stock.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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