MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,544 shares of the e-commerce giant’s stock after selling 121 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Amazon.com were worth $17,278,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of AMZN. State Street Corp boosted its position in Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after purchasing an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares during the last quarter. FMR LLC lifted its position in shares of Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after buying an additional 270,931,640 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Amazon.com by 120,235.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after buying an additional 116,383,502 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Amazon.com during the 4th quarter valued at $8,263,591,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Amazon.com Stock Performance
AMZN stock opened at $127.12 on Friday. The company has a market cap of $1.31 trillion, a P/E ratio of 100.10, a price-to-earnings-growth ratio of 1.67 and a beta of 1.24. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The stock’s fifty day moving average price is $134.87 and its 200-day moving average price is $121.68.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Robert W. Baird upped their price target on Amazon.com from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. StockNews.com lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $145.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. Wedbush reiterated an “outperform” rating and set a $180.00 price objective on shares of Amazon.com in a research note on Monday, September 25th. Finally, CICC Research initiated coverage on Amazon.com in a research note on Sunday, July 9th. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.30.
Check Out Our Latest Report on AMZN
Insider Activity at Amazon.com
In related news, SVP David Zapolsky sold 42,816 shares of Amazon.com stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the transaction, the senior vice president now directly owns 64,380 shares in the company, valued at $9,343,469.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $128.17, for a total transaction of $64,085.00. Following the transaction, the chief executive officer now directly owns 150,780 shares in the company, valued at $19,325,472.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the sale, the senior vice president now directly owns 64,380 shares in the company, valued at $9,343,469.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,408,645 shares of company stock worth $55,223,448. Corporate insiders own 12.30% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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