APG Asset Management N.V. Acquires 42,600 Shares of Amazon.com, Inc. (AMZN)
APG Asset Management N.V. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 852,892 shares of the e-commerce giant’s stock after buying an additional 42,600 shares during the period. Amazon.com makes up about 1.5% of APG Asset Management N.V.’s investment portfolio, making the stock its 3rd largest position. APG Asset Management N.V. owned 0.18% of Amazon.com worth $825,599,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. OLD Second National Bank of Aurora boosted its stake in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares during the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in Amazon.com during the second quarter worth about $116,000. Lipe & Dalton acquired a new stake in Amazon.com during the first quarter worth about $124,000. Farmers & Merchants Investments Inc. boosted its stake in Amazon.com by 560.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after buying an additional 112 shares during the last quarter. Finally, Arcadia Investment Management Corp MI boosted its stake in Amazon.com by 43.7% in the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock worth $152,000 after buying an additional 52 shares during the last quarter. 60.79% of the stock is owned by institutional investors and hedge funds.
Amazon.com, Inc. (AMZN) traded up 0.7137% on Tuesday, reaching $952.7719. The company’s stock had a trading volume of 1,631,784 shares. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31. The firm has a market cap of $457.69 billion, a price-to-earnings ratio of 242.3123 and a beta of 1.48. The firm has a 50 day moving average of $993.73 and a 200 day moving average of $935.81.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. The company had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. Amazon.com’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 earnings per share. Analysts anticipate that Amazon.com, Inc. will post $3.82 earnings per share for the current year.
AMZN has been the subject of a number of research reports. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $1,100.00 target price (up from $970.00) on shares of Amazon.com in a research note on Monday, May 15th. MKM Partners reaffirmed a “buy” rating and set a $1,095.00 price target (up from $995.00) on shares of Amazon.com in a research note on Monday, May 8th. Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $984.84 price target for the company in a research note on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 2nd. Finally, Argus decreased their price target on shares of Amazon.com from $1,050.00 to $935.00 and set a “buy” rating for the company in a research note on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $1,080.08.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction on Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total transaction of $2,022,120.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $10,110,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total value of $699,527.50. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $9,852,500. The disclosure for this sale can be found here. Insiders have sold 14,463 shares of company stock worth $14,294,906 over the last quarter. 17.70% of the stock is owned by company insiders.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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