Achmea Investment Management B.V. Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Achmea Investment Management B.V. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,611 shares of the e-commerce giant’s stock after selling 546 shares during the quarter. Amazon.com makes up approximately 2.8% of Achmea Investment Management B.V.’s holdings, making the stock its 3rd largest position. Achmea Investment Management B.V.’s holdings in Amazon.com were worth $106,310,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fifth Third Bancorp boosted its position in shares of Amazon.com by 1.5% in the 1st quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant’s stock worth $579,225,000 after purchasing an additional 2,686 shares in the last quarter. Graypoint LLC boosted its position in shares of Amazon.com by 57.9% in the 1st quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant’s stock worth $5,555,000 after purchasing an additional 625 shares in the last quarter. Castle Rock Wealth Management LLC boosted its position in shares of Amazon.com by 10.6% in the 1st quarter. Castle Rock Wealth Management LLC now owns 1,715 shares of the e-commerce giant’s stock worth $5,422,000 after purchasing an additional 164 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of Amazon.com by 10.0% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 12,917 shares of the e-commerce giant’s stock worth $42,109,000 after purchasing an additional 1,172 shares in the last quarter. Finally, Egerton Capital UK LLP boosted its position in shares of Amazon.com by 32.2% in the 1st quarter. Egerton Capital UK LLP now owns 369,920 shares of the e-commerce giant’s stock worth $1,205,921,000 after purchasing an additional 90,008 shares in the last quarter. 57.15% of the stock is owned by institutional investors.

Amazon.com Stock Up 2.7 %

Shares of NASDAQ AMZN opened at $133.27 on Friday. The firm’s 50-day moving average price is $128.07 and its 200-day moving average price is $131.65. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $1.36 trillion, a price-to-earnings ratio of 119.47, a P/E/G ratio of 5.82 and a beta of 1.33. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). The business had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 earnings per share. On average, equities research analysts anticipate that Amazon.com, Inc. will post 0.98 EPS for the current fiscal year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 23,620 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the sale, the chief executive officer now directly owns 1,892,000 shares in the company, valued at approximately $269,212,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Brian T. Olsavsky sold 16,720 shares of the stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $135.55, for a total value of $2,266,396.00. Following the sale, the chief financial officer now directly owns 47,500 shares of the company’s stock, valued at approximately $6,438,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 23,620 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the sale, the chief executive officer now directly owns 1,892,000 shares in the company, valued at $269,212,680. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,108 shares of company stock worth $9,736,335. 12.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on Amazon.com from $200.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 29th. Evercore ISI decreased their price objective on shares of Amazon.com from $205.00 to $180.00 and set an “outperform” rating for the company in a report on Friday, June 24th. Itaú Unibanco assumed coverage on shares of Amazon.com in a report on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price objective for the company. Truist Financial restated a “buy” rating and issued a $175.00 price objective on shares of Amazon.com in a report on Friday, June 17th. Finally, Robert W. Baird restated an “outperform” rating and issued a $150.00 price objective on shares of Amazon.com in a report on Wednesday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $176.61.

Amazon.com Company 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.

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

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