Bedrijfstakpensioenfonds Voor DE Media PNO increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 254,000 shares of the e-commerce giant’s stock after acquiring an additional 12,400 shares during the period. Amazon.com comprises about 6.6% of Bedrijfstakpensioenfonds Voor DE Media PNO’s investment portfolio, making the stock its 4th biggest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Amazon.com were worth $55,725,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the business. Carderock Capital Management Inc. acquired a new position in Amazon.com in the second quarter valued at about $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the first quarter valued at about $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the first quarter valued at about $40,000. Maryland Capital Advisors Inc. boosted its position in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. acquired a new position in Amazon.com in the first quarter valued at about $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Stock Down 1.3%
Amazon.com stock opened at $219.51 on Friday. The company has a market cap of $2.34 trillion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a fifty day simple moving average of $226.55 and a 200 day simple moving average of $211.02. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.
Analysts Set New Price Targets
AMZN has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Westpark Capital restated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Needham & Company LLC reiterated a “buy” rating and set a $265.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Wells Fargo & Company upgraded shares of Amazon.com from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $245.00 to $280.00 in a research report on Wednesday, September 24th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Amazon.com in a research report on Saturday, September 27th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $266.26.
Get Our Latest Stock Analysis on Amazon.com
Insider Activity at Amazon.com
In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 20,845,122 shares of company stock valued at $4,731,747,929. Company insiders own 9.70% of the company’s stock.
Amazon.com Company Profile
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.
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