ASR Vermogensbeheer N.V. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,383,254 shares of the e-commerce giant’s stock after buying an additional 50,610 shares during the quarter. Amazon.com comprises about 3.9% of ASR Vermogensbeheer N.V.’s portfolio, making the stock its 4th biggest holding. ASR Vermogensbeheer N.V.’s holdings in Amazon.com were worth $303,468,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of AMZN. Brighton Jones LLC grew its holdings in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after buying an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after buying an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE boosted its position in shares of Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at about $2,153,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Down 0.7%
Shares of AMZN opened at $213.04 on Friday. The stock has a market capitalization of $2.27 trillion, a PE ratio of 32.48, a P/E/G ratio of 1.42 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 debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company’s 50-day simple moving average is $225.66 and its 200-day simple moving average is $212.52.
Insider Activity
In related news, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,864,716 shares of company stock valued at $2,486,013,854. 9.70% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Citigroup reissued an “overweight” rating on shares of Amazon.com in a research report on Wednesday, August 13th. Bank of America boosted their price target on shares of Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Mizuho set a $300.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a research report on Monday, September 29th. Finally, BNP Paribas Exane raised shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target on the stock in a research report on Friday, June 27th. Three equities research 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 company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $266.26.
Read Our Latest Stock Analysis on AMZN
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.
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