Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.1% during the second quarter, Holdings Channel reports. The fund owned 9,670,711 shares of the e-commerce giant’s stock after selling 968,841 shares during the quarter. Amazon.com makes up 3.1% of APG Asset Management N.V.’s holdings, making the stock its 4th largest holding. APG Asset Management N.V.’s holdings in Amazon.com were worth $1,743,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc boosted its position in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new position in Amazon.com during the 1st quarter valued at about $69,000. Innealta Capital LLC acquired a new position in shares of Amazon.com in the 2nd quarter valued at about $77,000. Finally, Abich Financial Wealth Management LLC lifted its position in shares of Amazon.com by 84.7% in the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after purchasing an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Jefferies Financial Group dropped their price target on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Bank of America reduced their price objective on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company lowered Amazon.com from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $225.00 to $183.00 in a research report on Monday, October 7th. Finally, Roth Mkm lifted their price target on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.78.

Amazon.com Price Performance

Shares of AMZN stock opened at $187.83 on Friday. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a market capitalization of $1.95 trillion, a P/E ratio of 52.61, a P/E/G ratio of 1.38 and a beta of 1.14. The stock has a 50 day moving average of $183.29 and a two-hundred day moving average of $183.56. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. As a group, equities analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is currently owned by corporate insiders.

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.