Flossbach Von Storch AG Sells 1,561,777 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Flossbach Von Storch AG reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,677,935 shares of the e-commerce giant’s stock after selling 1,561,777 shares during the period. Amazon.com makes up approximately 5.3% of Flossbach Von Storch AG’s portfolio, making the stock its 5th largest position. Flossbach Von Storch AG owned about 0.07% of Amazon.com worth $1,166,585,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AMZN. Members Trust Co lifted its stake in Amazon.com by 8.9% in the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after buying an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC raised its stake in shares of Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after acquiring an additional 675 shares during the period. Tompkins Financial Corp raised its position in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares during the period. Nicholas Company Inc. lifted its position in Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Amazon.com by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jonathan Rubinstein sold 12,133 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $171.00, for a total value of $2,074,743.00. Following the sale, the director now owns 115,220 shares of the company’s stock, valued at approximately $19,702,620. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 12,133 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $171.00, for a total transaction of $2,074,743.00. Following the completion of the sale, the director now directly owns 115,220 shares of the company’s stock, valued at approximately $19,702,620. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,197,961 shares of company stock worth $4,482,244,357. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. BMO Capital Markets lifted their price objective on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Bank of America raised their target price on shares of Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Truist Financial upped their price target on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Piper Sandler raised their target price on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Evercore ISI upped their price objective on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $211.62.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $188.76 on Wednesday. The business has a 50 day moving average price of $179.60 and a 200 day moving average price of $161.63. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.87, a PEG ratio of 1.35 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $104.70 and a twelve month high of $189.94.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. Research analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

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.