Mn Services Vermogensbeheer B.V. Sells 67,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,079,600 shares of the e-commerce giant’s stock after selling 67,000 shares during the quarter. Amazon.com makes up approximately 4.0% of Mn Services Vermogensbeheer B.V.’s holdings, making the stock its 3rd biggest holding. Mn Services Vermogensbeheer B.V.’s holdings in Amazon.com were worth $573,822,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp increased its position in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP bought a new position in shares of Amazon.com in the 3rd quarter valued at about $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the 3rd quarter worth approximately $45,000. Values First Advisors Inc. bought a new stake in shares of Amazon.com during the third quarter worth approximately $56,000. Finally, Christopher J. Hasenberg Inc lifted its holdings in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock worth $1,253,883,872 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.6 %

Shares of AMZN opened at $228.97 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $231.20. The stock has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 49.03, a PEG ratio of 1.52 and a beta of 1.16. The stock has a fifty day moving average of $199.89 and a 200-day moving average of $189.07.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of analyst reports. JMP Securities lifted their target price on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Stifel Nicolaus upped their price objective on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Redburn Atlantic raised their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Finally, DA Davidson reissued a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $237.98.

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.