Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,038 shares of the e-commerce giant’s stock after buying an additional 4,319 shares during the period. Amazon.com accounts for about 3.6% of AEGON ASSET MANAGEMENT UK Plc’s portfolio, making the stock its 3rd biggest holding. AEGON ASSET MANAGEMENT UK Plc’s holdings in Amazon.com were worth $244,582,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Stuart Chaussee & Associates Inc. acquired a new stake in Amazon.com during the 4th quarter worth approximately $27,000. Econ Financial Services Corp acquired a new stake in Amazon.com during the 4th quarter worth approximately $33,000. Gibson Wealth Advisors LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $33,000. Leverty Financial Group LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $36,000. Finally, MBM Wealth Consultants LLC lifted its holdings in Amazon.com by 57.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after purchasing an additional 4 shares during the last quarter. 72.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO David H. Clark sold 2,270 shares of the business’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the transaction, the chief executive officer now directly owns 6,695 shares of the company’s stock, valued at approximately $14,522,927.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Shelley Reynolds sold 173 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the transaction, the vice president now directly owns 5,989 shares of the company’s stock, valued at approximately $12,991,458.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David H. Clark sold 2,270 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the transaction, the chief executive officer now directly owns 6,695 shares in the company, valued at $14,522,927.90. The disclosure for this sale can be found here. Insiders have sold 4,803 shares of company stock valued at $10,528,337 in the last ninety days. 12.70% of the stock is owned by company insiders.

Amazon.com Stock Down 5.2 %

Shares of NASDAQ:AMZN opened at $114.81 on Wednesday. The company has a market capitalization of $1.17 trillion, a price-to-earnings ratio of 55.42, a P/E/G ratio of 4.18 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.71. The business’s 50-day moving average is $113.01 and its 200-day moving average is $135.88. Amazon.com, Inc. has a 1 year low of $101.26 and a 1 year high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The e-commerce giant reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The business had revenue of $116.44 billion during the quarter, compared to analyst estimates of $116.52 billion. Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 1.13 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on AMZN. Needham & Company LLC lowered their price objective on Amazon.com from $207.50 to $175.00 in a research note on Friday, April 29th. Morgan Stanley lowered their price objective on Amazon.com from $210.00 to $190.00 in a research note on Friday, April 29th. BNP Paribas began coverage on Amazon.com in a research note on Tuesday, March 29th. They set an “underperform” rating and a $140.00 price objective on the stock. BMO Capital Markets lowered their price objective on Amazon.com from $182.50 to $172.50 in a research note on Friday, April 29th. Finally, Exane BNP Paribas began coverage on Amazon.com in a research note on Tuesday, March 29th. They set an “underperform” rating and a $140.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and forty have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $177.52.

Amazon.com Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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