Robeco Institutional Asset Management B.V. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,755 shares of the e-commerce giant’s stock after purchasing an additional 571 shares during the period. Amazon.com makes up 1.1% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 9th biggest position. Robeco Institutional Asset Management B.V.’s holdings in Amazon.com were worth $320,715,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Enterprise Trust & Investment Co acquired a new position in shares of Amazon.com during the 2nd quarter worth approximately $27,000. Phocas Financial Corp. acquired a new position in Amazon.com in the 2nd quarter valued at $45,000. Litman Gregory Asset Management LLC acquired a new position in Amazon.com in the 2nd quarter valued at $53,000. Cerebellum GP LLC grew its holdings in Amazon.com by 18.0% in the 3rd quarter. Cerebellum GP LLC now owns 59 shares of the e-commerce giant’s stock valued at $69,000 after buying an additional 9 shares in the last quarter. Finally, Clear Investment Research LLC grew its holdings in Amazon.com by 27.6% in the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock valued at $70,000 after buying an additional 8 shares in the last quarter. Institutional investors and hedge funds own 55.60% of the company’s stock.
NASDAQ AMZN traded down $2.32 during trading hours on Friday, hitting $1,785.88. 2,123,300 shares of the company’s stock were exchanged, compared to its average volume of 4,016,732. The stock has a 50-day simple moving average of $1,759.09 and a 200 day simple moving average of $1,840.01. The firm has a market cap of $893.28 billion, a price-to-earnings ratio of 88.67, a PEG ratio of 3.20 and a beta of 1.56. Amazon.com, Inc. has a 1-year low of $1,307.00 and a 1-year high of $2,035.80. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.40.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $1,847.51, for a total value of $5,173,028.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $18,475,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 1,765 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the completion of the sale, the chief financial officer now directly owns 2,480 shares of the company’s stock, valued at $4,421,840. The disclosure for this sale can be found here. Insiders have sold 22,747 shares of company stock worth $40,737,808 over the last quarter. 16.10% of the stock is currently owned by corporate insiders.
AMZN has been the subject of a number of recent analyst reports. BMO Capital Markets cut their target price on Amazon.com from $2,280.00 to $2,000.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Oppenheimer cut their target price on Amazon.com from $2,100.00 to $2,040.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. UBS Group restated a “buy” rating on shares of Amazon.com in a research report on Wednesday. JMP Securities dropped their price objective on Amazon.com from $2,275.00 to $2,250.00 and set a “market outperform” rating for the company in a research report on Friday, October 25th. Finally, William Blair restated an “outperform” rating on shares of Amazon.com in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have assigned a buy rating to the company’s stock. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $2,189.97.
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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