Amazon.com, Inc. (NASDAQ:AMZN) is BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s 4th Largest Position

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,278,748 shares of the e-commerce giant’s stock after selling 324,872 shares during the quarter. Amazon.com accounts for 3.1% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s investment portfolio, making the stock its 4th largest position. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.06% of Amazon.com worth $1,213,368,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cooksen Wealth LLC acquired a new position in Amazon.com in the fourth quarter valued at $30,000. Clarity Asset Management Inc. purchased a new position in Amazon.com during the 4th quarter worth $46,000. Christopher J. Hasenberg Inc boosted its holdings in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Steph & Co. purchased a new position in Amazon.com in the first quarter worth $65,000. Finally, Advantage Trust Co acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $68,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AMZN. Morgan Stanley dropped their target price on shares of Amazon.com from $240.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a research note on Friday, August 2nd. Wedbush restated an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Sanford C. Bernstein upped their target price on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, Roth Mkm raised their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $222.84.

Amazon.com Trading Up 1.2 %

Shares of AMZN stock opened at $193.88 on Tuesday. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The company has a 50-day moving average of $178.57 and a two-hundred day moving average of $182.22. The firm has a market cap of $2.02 trillion, a PE ratio of 54.31, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Activity

In related news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 9,490 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the completion of the transaction, the senior vice president now owns 64,610 shares of the company’s stock, valued at approximately $11,686,656.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is currently owned by insiders.

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.