Cardano Risk Management B.V. Holds Amazon.com, Inc. as 4th Largest Position
Cardano Risk Management B.V. recently increased its stake in Amazon.com, Inc. by 4.1% during the third quarter. According to their Form 13F filing with the Securities & Exchange Commission, the company now holds 2,439,398 shares of Amazon’s stock, making it their 4th largest position. This represents a significant investment in the e-commerce giant, with a value of $454,533,000 as of their latest filing.
Several other hedge funds and institutional investors have also adjusted their holdings of Amazon.com in recent months. For example, Tsfg LLC raised its holdings by 6.5% in the second quarter, while Sky Investment Group LLC and Key Client Fiduciary Advisors LLC both made smaller increases. PGGM Investments and Envestnet Portfolio Solutions Inc. also saw growth in their Amazon.com holdings during the same period.
The stock performance of Amazon.com has been steady, with shares opening at $223.75 on Friday. The company’s stock has seen a low of $144.05 and a high of $233.00 over the past year. With a market capitalization of $2.35 trillion and a PE ratio of 47.91, Amazon.com continues to be a strong player in the market.
In terms of recent financial performance, Amazon.com announced earnings of $1.43 per share for the quarter ending October 31st, surpassing analyst estimates. The company reported a net margin of 8.04% and a return on equity of 22.41%. Analysts predict that Amazon.com will post 5.29 earnings per share for the current fiscal year.
Insider activity at Amazon.com has also been notable, with insider Jeffrey P. Bezos selling a large number of shares in November. Director Daniel P. Huttenlocher also sold shares in a separate transaction, indicating some shifting in ownership within the company.
Overall, Amazon.com continues to be a strong player in the e-commerce sector, with significant investments from institutional investors like Cardano Risk Management B.V. and notable financial performance throughout the year. With consistent stock performance and positive earnings reports, Amazon.com remains a key player in the market.
