Cardano Risk Management B.V. holds $527.46 million worth of Amazon.com, Inc. (NASDAQ:AMZN)
Cardano Risk Management B.V. recently divested its holding in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the fourth quarter, as per its latest filing with the Securities and Exchange Commission (SEC). The company now holds 2,404,209 shares of the e-commerce titan’s stock after selling 35,189 shares in the last quarter, with Amazon.com representing about 8.1% of Cardano Risk Management B.V.’s portfolio and ranking as its 4th largest investment, valued at $527,459,000 as per the most recent SEC filing.
Various other hedge funds and institutional investors have also altered their positions in Amazon.com recently. For instance, Icon Wealth Advisors LLC increased its stake in Amazon.com by 20.5% in the third quarter, now owning 150,661 shares worth $28,000 after acquiring an additional 25,581 shares. Moreover, PayPay Securities Corp expanded its holdings by 64.6% in the second quarter, now possessing 163 shares valued at $32,000 after purchasing 64 more shares. New stakes were also seen, with Hoese & Co LLP acquiring an amount in the third quarter valuing about $37,000, while Bull Oak Capital LLC and Values First Advisors Inc. procured worth $45,000 and $56,000, respectively. Hedge funds and institutional investors collectively own around 72.20% of Amazon.com’s stock.
In terms of insider activity, CEO Matthew S. Garman sold 15,260 shares at an average price of $200.19 on Thursday, November 21st, amounting to $3,054,899.40. Following this transaction, the CEO’s ownership of the company stands at 349,261 shares valued at approximately $69,918,559.59. Similarly, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com on Monday, December 9th, for an average price of $229.85, totaling $1,000,077.35. Post-transaction, the director now owns 88,203 shares, valued at $20,273,459.55. Insiders collectively sold 6,032,344 shares worth $1,253,456,822 in the past ninety days, with insider ownership at 10.80%.
Regarding analyst sentiments, several analysts have recently provided their outlook on Amazon.com. For instance, Mizuho raised the stock’s price target from $240.00 to $260.00, giving it an “outperform” rating on December 10th. Similarly, Sanford C. Bernstein upgraded their price target from $235.00 to $265.00, along with an “outperform” rating, on December 18th. Deutsche Bank Aktiengesellschaft and Loop Capital also upped their price targets to $232.00 and $275.00, respectively, each giving Amazon.com a “buy” rating. Susquehanna raised their price target to $230.00, providing a “positive” rating in early November. With two analysts holding a hold rating, forty-two assigning a buy rating, and one issuing a strong buy rating, Amazon.com boasts an average rating of “Moderate Buy” and an average price target of $247.72 based on MarketBeat data.
