MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases 7,065 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 290,190 shares of the e-commerce giant’s stock after buying an additional 7,065 shares during the quarter. Amazon.com comprises about 1.7% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s investment portfolio, making the stock its 20th largest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Amazon.com were worth $54,071,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. PayPay Securities Corp boosted its holdings in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com in the 3rd quarter valued at approximately $37,000. Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new stake in Amazon.com during the 1st quarter worth approximately $69,000. Finally, Innealta Capital LLC acquired a new position in Amazon.com during the 2nd quarter valued at approximately $77,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,859 shares of company stock worth $10,215,097 in the last ninety days. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several research reports. TD Cowen lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Pivotal Research began coverage on Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 price target for the company. Bank of America increased their price objective on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Loop Capital lifted their target price on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada increased their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $234.55.

Amazon.com Trading Down 0.9 %

Shares of AMZN stock opened at $208.18 on Monday. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $212.25. The firm has a market capitalization of $2.19 trillion, a P/E ratio of 44.58, a PEG ratio of 1.40 and a beta of 1.14. The stock’s fifty day moving average is $187.83 and its two-hundred day moving average is $184.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the business posted $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 5.24 earnings per share for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.