ING Groep NV Sells 2,654,344 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

ING Groep NV trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 75.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 846,163 shares of the e-commerce giant's stock after selling 2,654,344 shares during the quarter. Amazon.com comprises about 1.3% of ING Groep NV's portfolio, making the stock its 16th biggest holding. ING Groep NV's holdings in Amazon.com were worth $185,640,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of AMZN. AMF Tjanstepension AB increased its holdings in Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock worth $492,172,000 after purchasing an additional 811,425 shares in the last quarter. Swedbank AB increased its position in Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after acquiring an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC bought a new position in shares of Amazon.com during the third quarter valued at $279,000. Howard Capital Management Group LLC lifted its holdings in shares of Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after purchasing an additional 897 shares during the period. Finally, Meridian Management Co. grew its stake in shares of Amazon.com by 27.6% in the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock worth $6,235,000 after purchasing an additional 7,246 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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Amazon.com Stock Performance

Shares of Amazon.com stock traded up $7.05 on Monday, reaching $203.26. 41,533,864 shares of the company traded hands, compared to its average volume of 38,453,572. The company has a 50 day moving average of $218.60 and a 200 day moving average of $208.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a market capitalization of $2.15 trillion, a PE ratio of 36.76, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares of the company's stock, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Rosenblatt Securities lifted their target price on Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Raymond James lifted their price objective on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Wolfe Research upped their target price on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. JMP Securities restated a "market outperform" rating and set a $285.00 price target on shares of Amazon.com in a report on Friday, February 7th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $265.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $260.65.

Amazon.com Company 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.