MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH buys 6,985 shares of Amazon.com, Inc. (NASDAQ:AMZN)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% in the 1st quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The institutional investor now owns 142,480 shares of the e-commerce giant after acquiring an additional 6,985 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s stake in Amazon.com was worth $25,701,000, according to the company’s latest SEC filing.

Several other hedge funds also recently bought and sold AMZN shares. Dash Acquisitions Inc. increased its stake in Amazon.com by 3.3% in the first quarter. Dash Acquisitions Inc. now owns 144,524 shares of the e-commerce giant’s stock worth $26,199,000 after purchasing an additional 4,639 shares in the last quarter. Capital Advisors Ltd. LLC increased its holdings in Amazon.com by 1.6% in the first quarter. Capital Advisors Ltd. LLC now owns 11,840 shares of the e-commerce giant’s stock worth $2,136,000 after purchasing an additional 185 shares during the period. Woodmont Investment Counsel LLC increased its position in Amazon.com by 0.4% in the first quarter. Woodmont Investment Counsel LLC now owns 15,572 shares of the e-commerce giant’s stock worth $2,809,000 after purchasing an additional 65 shares in the last quarter. Financial Strategies Group Inc. increased its stake in Amazon.com by 11.0% in the first quarter. Financial Strategies Group Inc. now owns 41,434 shares of the e-commerce giant’s stock worth $7,693,000 after purchasing an additional 4,097 shares during the period. Finally, Exchange Capital Management Inc. increased its position in shares of Amazon.com by 2.3% in the first quarter. Exchange Capital Management Inc. now owns 108,620 shares of the e-commerce giant’s stock worth $19,593,000 after purchasing an additional 2,482 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com shares up 0.2%

AMZN stock opened at $199.79 on Thursday. The company has a market capitalization of $2.08 trillion, a price to earnings ratio of 55.96, a price to earnings-growth ratio of 1.43 and a beta of 1.15. The company’s 50 day moving average price is $187.26 and its two-hundred day moving average price is $175.75. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the company earned $0.31 per share. The company’s revenue increased 12.5% compared to the same quarter last year. Analysts are forecasting that Amazon.com, Inc. will report earnings of $4.72 per share for the current fiscal year.

Insider Buying and Selling on Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, June 3. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the CEO now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction that occurred on Friday, July 5. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the transaction, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, June 3. The shares were sold at an average price of $177.29, for a total of $620,515.00. Following the sale, the CEO now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. Disclosure of this sale can be found here . Over the last quarter, insiders sold 5,847,094 shares of the company’s stock, valued at $1,169,058,874. Company insiders own 10.80% of the company’s stock.

Changes in analyst ratings

Several equities analysts have recently commented on the stock. Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. Oppenheimer raised their price target on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1. Argus raised their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 2. Telsey Advisory Group raised their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1. Finally, Loop Capital raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday, May 6. One analyst rated the stock a “hold,” forty-two rated it a “buy,” and one gave the company a “strong buy” rating. According to MarketBeat.com, Amazon.com currently has a consensus rating of “buy” and an average price target of $217.38.

Read our latest research report on AMZN

About Amazon.com

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

Amazon.com shares up 0.2%

Insider Buying and Selling on Amazon.com

Changes in analyst ratings

About Amazon.com

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