Cardano Risk Management B.V. holds $602.36 million stake in Amazon.com, Inc. $AMZN
Cardano Risk Management B.V. significantly increased its holdings in Amazon.com, Inc. during the second quarter, raising its stake by 8.6% to encompass over 2.74 million shares valued at $602.36 million. This move further solidified the company’s position as one of the e-commerce giant’s major investors. Amazon’s stock opened recently at $230.30 and enjoys a substantial market capitalization of $2.46 trillion, with its stock price fluctuating between $161.38 and $242.52 over the past year.
Following its most recent earnings report, Amazon exceeded expectations by reporting $1.68 earnings per share for the quarter, showcasing a remarkable revenue increase of 13.3% year-over-year. These positive financial results have further elevated the company’s standing in the stock market. As a result, MarketBeat has identified Amazon as one of the top-performing stocks to own in November.
The growth in Cardano Risk Management B.V.’s holdings in Amazon.com reflects a broader trend among institutional investors. A number of significant investors, including 3Chopt Investment Partners LLC, Total Wealth Planning & Management Inc., Commerzbank Aktiengesellschaft FI, Stiles Financial Services Inc, and Verde Servicos Internacionais S.A., have also exhibited increased interest in the e-commerce giant’s stock, further highlighting its attractiveness as an investment opportunity. Notably, institutional investors collectively own 72.20% of Amazon’s stock.
Amazon’s stock, currently trading at $230.30, boasts a 1-year low of $161.38 and a high of $242.52. With a market capitalization of $2.46 trillion, the company maintains a healthy financial profile, characterized by a P/E ratio of 35.11, a PEG ratio of 1.51, and a beta of 1.28. These metrics underscore Amazon’s stability and potential for sustained growth in the future.
In its most recent earnings call, Amazon reported $1.68 earnings per share for the quarter, outperforming analysts’ estimates by $0.37. The company’s revenues totaled $167.70 billion for the quarter, surging by 13.3% compared to the previous year’s figures. Analysts anticipate that Amazon.com, Inc. will deliver earnings per share of 6.31 for the current fiscal year, further highlighting the company’s strong financial performance and continued growth trajectory.
Various research analysts have provided positive outlooks on Amazon’s stock, with ratings ranging from “buy” to “strong-buy” across the board. These endorsements underscore the market’s confidence in Amazon’s growth potential and financial stability. With a consensus price target of $268.54, Amazon continues to be a favored investment choice among analysts and investors alike.
