Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,160,591 shares of the e-commerce giant's stock after acquiring an additional 208,258 shares during the period. Amazon.com accounts for approximately 3.2% of Achmea Investment Management B.V.'s holdings, making the stock its 4th largest position. Achmea Investment Management B.V.'s holdings in Amazon.com were worth $220,814,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AMZN. Norges Bank bought a new position in shares of Amazon.com in the 4th quarter valued at about $27,266,582,000. GAMMA Investing LLC grew its holdings in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Capital World Investors grew its holdings in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its holdings in shares of Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMZN. The Goldman Sachs Group reduced their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Truist Financial lifted their price target on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Raymond James Financial reiterated an "outperform" rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Scotiabank lifted their price target on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Tuesday. Finally, Robert W. Baird lifted their price target on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $254.33.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 20,947,939 shares of company stock worth $4,720,588,785 in the last three months. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN stock traded up $3.94 during trading on Thursday, hitting $232.23. The company had a trading volume of 42,816,976 shares, compared to its average volume of 40,781,048. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 37.82, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock's 50-day moving average price is $215.14 and its 200 day moving average price is $208.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.