Vontobel Holding Ltd. Has $1.46 Billion Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Vontobel Holding Ltd. cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,823,532 shares of the e-commerce giant’s stock after selling 222,858 shares during the quarter. Amazon.com accounts for about 4.7% of Vontobel Holding Ltd.’s portfolio, making the stock its 2nd biggest holding. Vontobel Holding Ltd. owned about 0.08% of Amazon.com worth $1,457,759,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. PayPay Securities Corp boosted its holdings in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP bought a new position in Amazon.com in the third quarter valued at approximately $37,000. Christopher J. Hasenberg Inc boosted its stake in 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 buying an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com in the 1st quarter valued at approximately $69,000. Finally, Innealta Capital LLC acquired a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $77,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $211.48 on Friday. The company has a market capitalization of $2.22 trillion, a P/E ratio of 45.28, a P/E/G ratio of 1.40 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business has a fifty day simple moving average of $189.87 and a two-hundred day simple moving average of $185.36. Amazon.com, Inc. has a 1 year low of $139.52 and a 1 year high of $215.90.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the company earned $0.85 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,053,349 shares of company stock valued at $1,256,503,289. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on AMZN. Evercore ISI raised their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Rosenblatt Securities lifted their target price on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JMP Securities upped their price target on Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Finally, Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $235.45.

Amazon.com Profile

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.