Zurcher Kantonalbank Zurich Cantonalbank Has $1.05 Billion Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,627,556 shares of the e-commerce giant’s stock after purchasing an additional 221,072 shares during the period. Amazon.com comprises 3.1% of Zurcher Kantonalbank Zurich Cantonalbank’s holdings, making the stock its 5th largest position. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.05% of Amazon.com worth $1,048,583,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 2.4 %

NASDAQ:AMZN opened at $222.11 on Wednesday. The stock has a market cap of $2.34 trillion, a price-to-earnings ratio of 47.56, a P/E/G ratio of 1.54 and a beta of 1.14. The company has a 50-day moving average price of $214.48 and a 200-day moving average price of $194.73. Amazon.com, Inc. has a 12 month low of $146.15 and a 12 month high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its earnings results 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. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. Equities analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. UBS Group raised their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. JMP Securities reiterated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research report on Monday, December 16th. Piper Sandler boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. TD Cowen raised their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Maxim Group increased their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $243.67.

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.