BI Asset Management Fondsmaeglerselskab A S Sells 44,287 Shares of Amazon.com, Inc. $AMZN

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,405,662 shares of the e-commerce giant’s stock after selling 44,287 shares during the quarter. Amazon.com makes up 3.0% of BI Asset Management Fondsmaeglerselskab A S’s investment portfolio, making the stock its 6th biggest holding. BI Asset Management Fondsmaeglerselskab A S’s holdings in Amazon.com were worth $300,251,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BLKBRD Asset Management LP acquired a new stake in Amazon.com during the second quarter worth approximately $3,210,000. Bwcp LP purchased a new stake in Amazon.com in the second quarter valued at $25,176,000. Byrne Financial Freedom LLC grew its holdings in shares of Amazon.com by 1.2% during the second quarter. Byrne Financial Freedom LLC now owns 88,875 shares of the e-commerce giant’s stock worth $19,498,000 after purchasing an additional 1,016 shares during the last quarter. Bellevue Group AG increased its position in shares of Amazon.com by 27.8% during the second quarter. Bellevue Group AG now owns 1,150 shares of the e-commerce giant’s stock worth $252,000 after purchasing an additional 250 shares in the last quarter. Finally, Benchstone Capital Management LP lifted its holdings in shares of Amazon.com by 99.6% in the 2nd quarter. Benchstone Capital Management LP now owns 296,946 shares of the e-commerce giant’s stock valued at $65,147,000 after purchasing an additional 148,190 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.8%

Shares of AMZN stock opened at $226.19 on Friday. The business’s fifty day moving average price is $229.35 and its 200 day moving average price is $224.73. The firm has a market capitalization of $2.42 trillion, a PE ratio of 31.95, a P/E/G ratio of 1.58 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on AMZN. Loop Capital lifted their price target on Amazon.com from $300.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Benchmark increased their price target on shares of Amazon.com from $260.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Wedbush restated an “outperform” rating and issued a $340.00 price objective on shares of Amazon.com in a research note on Wednesday, December 3rd. DA Davidson increased their target price on shares of Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Desjardins upped their price objective on Amazon.com to $218.00 in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $295.43.

Insider Activity at Amazon.com

In other news, Director Keith Brian Alexander sold 900 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $233.00, for a total transaction of $209,700.00. Following the sale, the director owned 7,170 shares of the company’s stock, valued at $1,670,610. The trade was a 11.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the transaction, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 82,234 shares of company stock worth $19,076,767. 9.70% of the stock is currently owned by company insiders.

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.