Amazon (AMZN) is the 4th Largest Holding for Cardano Risk Management BV
Cardano Risk Management B.V. recently increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the third quarter, according to their latest filing with the Securities & Exchange Commission. They now own over 2.4 million shares of the e-commerce giant’s stock, making Amazon.com their 4th largest holding. This amounts to approximately $454,533,000 in holdings.
In addition to Cardano Risk Management B.V., several other hedge funds and institutional investors have also made adjustments to their positions in AMZN. For instance, Tsfg LLC raised its holdings by 6.5% in the second quarter, while Sky Investment Group LLC and Key Client Fiduciary Advisors LLC both saw increases in their shares. PGGM Investments and Envestnet Portfolio Solutions Inc. also made notable changes to their positions in Amazon.com.
Shares of Amazon.com opened at $223.75 on Friday, with a market capitalization of $2.35 trillion. The company has shown strong performance, reporting $1.43 EPS for the quarter, surpassing the consensus estimate and demonstrating a year-over-year revenue increase of 11.0%. Analysts project that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.
In terms of insider activity, Jeffrey P. Bezos recently sold over 2.9 million shares of Amazon.com’s stock, while Director Daniel P. Huttenlocher sold 1,237 shares. These transactions were disclosed in legal filings with the SEC, indicating changes in ownership for both insiders. Over the last quarter, insiders have sold over 6 million shares of company stock, amounting to significant value.
AMZN has received various ratings from analysts, with many firms reiterating positive outlooks and price targets for the stock. Benchmark, Stifel Nicolaus, Moffett Nathanson, and Jefferies Financial Group have all increased their price objectives for Amazon.com. The stock holds an average rating of “Moderate Buy” among analysts, with a consensus price target of $243.00.
If you’re interested in learning more about Amazon.com or seeing what other hedge funds are holding AMZN, you can visit HoldingsChannel.com for the latest 13F filings and updates.
