APG Asset Management N.V. Buys 30,974 Shares of Amazon.com, Inc. (AMZN)

APG Asset Management N.V. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 899,166 shares of the e-commerce giant’s stock after acquiring an additional 30,974 shares during the quarter. Amazon.com makes up about 1.6% of APG Asset Management N.V.’s portfolio, making the stock its 3rd biggest position. APG Asset Management N.V. owned approximately 0.19% of Amazon.com worth $875,706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Vanguard Group Inc. boosted its position in shares of Amazon.com by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after purchasing an additional 764,115 shares in the last quarter. BlackRock Inc. boosted its position in shares of Amazon.com by 2.4% in the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after purchasing an additional 554,990 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Amazon.com by 0.4% in the 2nd quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after purchasing an additional 40,068 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Amazon.com by 1.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after purchasing an additional 46,800 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Amazon.com by 2.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,071,370 shares of the e-commerce giant’s stock worth $2,005,838,000 after purchasing an additional 53,792 shares in the last quarter. 60.21% of the stock is currently owned by institutional investors and hedge funds.

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AMZN has been the subject of a number of recent analyst reports. Vetr cut Amazon.com from a “hold” rating to a “sell” rating and set a $1,346.44 price objective for the company. in a research report on Monday, January 29th. BidaskClub cut Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 30th. Goldman Sachs reaffirmed a “conviction-buy” rating on shares of Amazon.com in a research report on Friday, February 2nd. UBS lifted their price target on Amazon.com to $1,760.00 and gave the stock a “buy” rating in a research report on Friday, March 9th. They noted that the move was a valuation call. Finally, Citigroup reaffirmed a “buy” rating and set a $1,400.00 price target (up previously from $1,250.00) on shares of Amazon.com in a research report on Friday, January 5th. Four analysts have rated the stock with a hold rating, forty-eight have assigned a buy rating and two have given a strong buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus price target of $1,494.78.

In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,454.37, for a total transaction of $2,908,740.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $1,462.32, for a total value of $795,502.08. Following the transaction, the vice president now owns 6,533 shares in the company, valued at $9,553,336.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,214 shares of company stock worth $9,251,120. 17.70% of the stock is currently owned by insiders.

AMZN stock opened at $1,405.23 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04. Amazon.com, Inc. has a 12-month low of $884.49 and a 12-month high of $1,617.54. The stock has a market capitalization of $702,802.63, a P/E ratio of 308.84, a PEG ratio of 6.38 and a beta of 1.59.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The company had revenue of $60.45 billion for the quarter, compared to analysts’ expectations of $59.85 billion. During the same period in the previous year, the firm posted $1.54 EPS. Amazon.com’s revenue was up 38.2% compared to the same quarter last year. analysts expect that Amazon.com, Inc. will post 8.49 earnings per share for the current year.

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Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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