Robeco Schweiz AG Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Robeco Schweiz AG raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,920.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 34,610 shares of the e-commerce giant’s stock after acquiring an additional 32,897 shares during the period. Robeco Schweiz AG’s holdings in Amazon.com were worth $3,676,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Elkhorn Partners Limited Partnership boosted its holdings in shares of Amazon.com by 800.0% in the 1st quarter. Elkhorn Partners Limited Partnership now owns 18 shares of the e-commerce giant’s stock worth $59,000 after purchasing an additional 16 shares in the last quarter. Dravo Bay LLC purchased a new position in shares of Amazon.com in the 1st quarter worth about $72,000. Cordant Inc. purchased a new position in shares of Amazon.com in the 1st quarter worth about $150,000. Moisand Fitzgerald Tamayo LLC boosted its holdings in shares of Amazon.com by 36.1% in the 1st quarter. Moisand Fitzgerald Tamayo LLC now owns 49 shares of the e-commerce giant’s stock worth $160,000 after purchasing an additional 13 shares in the last quarter. Finally, Evolution Advisers Inc. boosted its holdings in shares of Amazon.com by 900.0% in the 1st quarter. Evolution Advisers Inc. now owns 50 shares of the e-commerce giant’s stock worth $162,000 after purchasing an additional 45 shares in the last quarter. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

NASDAQ AMZN opened at $94.14 on Monday. The business’s fifty day moving average price is $110.68 and its 200-day moving average price is $117.08. The stock has a market capitalization of $960.38 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 7.48 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. Amazon.com, Inc. has a 1-year low of $85.87 and a 1-year high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. During the same period last year, the firm earned $0.31 EPS. Amazon.com’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Itau BBA Securities began coverage on Amazon.com in a report on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price objective for the company. Cowen lowered their target price on Amazon.com from $195.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Barclays lowered their target price on Amazon.com from $200.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. StockNews.com began coverage on Amazon.com in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, JMP Securities lowered their target price on Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have given a buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $150.89.

Insider Buying and Selling

In related news, major shareholder Amazon Com Inc sold 250,000 shares of the firm’s stock in a transaction on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the transaction, the insider now directly owns 14,178,445 shares of the company’s stock, valued at approximately $334,753,086.45. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Amazon Com Inc sold 250,000 shares of the firm’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $23.61, for a total value of $5,902,500.00. Following the sale, the insider now directly owns 14,178,445 shares in the company, valued at $334,753,086.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 269,412 shares of company stock valued at $7,914,139. 12.70% of the stock is owned by company insiders.

About Amazon.com

(Get Rating)

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Featured Stories

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.