DekaBank Deutsche Girozentrale Sells 622,932 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

DekaBank Deutsche Girozentrale reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,474,725 shares of the e-commerce giant’s stock after selling 622,932 shares during the quarter. Amazon.com makes up 3.3% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 4th largest position. DekaBank Deutsche Girozentrale’s holdings in Amazon.com were worth $1,763,472,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. PayPay Securities Corp lifted its position in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com in the third quarter valued at $37,000. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com in the third quarter valued at $45,000. Christopher J. Hasenberg Inc lifted its position in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares in the last quarter. Finally, Values First Advisors Inc. purchased a new stake in shares of Amazon.com in the third quarter valued at $56,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.0 %

NASDAQ:AMZN opened at $207.89 on Friday. The stock’s fifty day moving average price is $194.78 and its two-hundred day moving average price is $186.94. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 44.52, a P/E/G ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Stifel Nicolaus increased their target price on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JMP Securities increased their target price on Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Monness Crespi & Hardt increased their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada increased their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $197.00 price objective on shares of Amazon.com in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.20.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares in the company, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,026,683 shares of company stock worth $1,252,148,795. Corporate insiders own 10.80% of the company’s stock.

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.