MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 35.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 422,426 shares of the e-commerce giant's stock after buying an additional 110,902 shares during the quarter. Amazon.com accounts for about 2.4% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings, making the stock its 4th biggest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Amazon.com were worth $80,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter valued at about $27,266,582,000. GAMMA Investing LLC boosted its stake in shares of Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Capital World Investors boosted its stake in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in shares of Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after purchasing an additional 12,018,120 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Shares of NASDAQ:AMZN opened at $220.46 on Wednesday. The stock has a market cap of $2.34 trillion, a price-to-earnings ratio of 35.91, a PEG ratio of 1.65 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business's 50 day moving average is $204.25 and its 200 day moving average is $208.75.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

In related news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $9,876,930. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,424,463 shares of company stock valued at $756,747,557 over the last 90 days. Corporate insiders own 10.80% of the company's stock.

AMZN has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Raymond James Financial restated an "outperform" rating and set a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Morgan Stanley lowered their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Jefferies Financial Group lowered their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Citigroup restated a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $245.81.

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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.

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