Mn Services Vermogensbeheer B.V. Sells 226,900 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mn Services Vermogensbeheer B.V. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,916,400 shares of the e-commerce giant's stock after selling 226,900 shares during the period. Amazon.com comprises approximately 4.3% of Mn Services Vermogensbeheer B.V.'s holdings, making the stock its 3rd largest holding. Mn Services Vermogensbeheer B.V.'s holdings in Amazon.com were worth $554,874,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Momentous Wealth Management Inc. acquired a new position in Amazon.com in the 4th quarter valued at approximately $749,000. Segall Bryant & Hamill LLC grew its stake in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the period. Bearing Point Capital LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $12,014,000. Evergreen Capital Management LLC grew its stake in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after purchasing an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the transaction, the chief financial officer owned 49,000 shares in the company, valued at $9,876,930. 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 available through the SEC website. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the completion of the transaction, the insider owned 905,679,901 shares of the company's stock, valued at $200,535,643,679.42. This trade represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,426,963 shares of company stock valued at $757,297,707. 9.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMZN. Evercore ISI lowered their price objective on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Wedbush reiterated an "outperform" rating and issued a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Moffett Nathanson upped their price objective on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Morgan Stanley lowered their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Rosenblatt Securities increased their price target on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $245.60.

Amazon.com Trading Up 1.5%

Amazon.com stock traded up $3.21 during mid-day trading on Friday, hitting $223.13. 29,632,353 shares of the company's stock were exchanged, compared to its average volume of 42,031,611. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 36.34, a PEG ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company's 50 day simple moving average is $206.44 and its 200-day simple moving average is $208.70.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.