Bedrijfstakpensioenfonds Voor DE Media PNO Sells 18,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bedrijfstakpensioenfonds Voor DE Media PNO decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,600 shares of the e-commerce giant’s stock after selling 18,000 shares during the period. Amazon.com accounts for approximately 6.4% of Bedrijfstakpensioenfonds Voor DE Media PNO’s investment portfolio, making the stock its 5th largest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Amazon.com were worth $51,187,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Icon Wealth Advisors LLC lifted its stake in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com in the third quarter valued at approximately $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com in the third quarter valued at $45,000. Values First Advisors Inc. purchased a new position in Amazon.com in the third quarter valued at $56,000. Finally, Harbor Investment Advisory LLC grew its stake in Amazon.com by 1.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after purchasing an additional 3,055 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 price objective (up from $225.00) on shares of Amazon.com in a research report on Friday. Moffett Nathanson boosted their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Wedbush reaffirmed an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday. Oppenheimer increased their target price on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Citigroup reduced their price objective on Amazon.com from $275.00 to $273.00 and set a “buy” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $260.20.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the transaction, the insider now owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,026,212 shares of company stock worth $625,666,424 over the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $229.15 on Friday. The firm’s 50-day moving average is $226.51 and its 200-day moving average is $200.30. 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 $151.61 and a 52-week high of $242.52. The company has a market cap of $2.41 trillion, a price-to-earnings ratio of 49.07, a PEG ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Equities research analysts anticipate that Amazon.com, Inc. will post 5.3 earnings per share for the current year.

Amazon.com 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.