ING Groep NV trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 38.9% during the second quarter, HoldingsChannel.com reports. The firm owned 93,919 shares of the e-commerce giant’s stock after selling 59,865 shares during the period. Amazon.com accounts for 3.1% of ING Groep NV’s holdings, making the stock its 7th biggest position. ING Groep NV’s holdings in Amazon.com were worth $159,644,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Marcus Capital LLC grew its holdings in Amazon.com by 2.4% during the second quarter. Marcus Capital LLC now owns 1,171 shares of the e-commerce giant’s stock worth $1,990,000 after buying an additional 27 shares in the last quarter. Winthrop Advisory Group LLC grew its stake in Amazon.com by 3.8% in the 2nd quarter. Winthrop Advisory Group LLC now owns 744 shares of the e-commerce giant’s stock valued at $1,265,000 after purchasing an additional 27 shares during the period. AMI Investment Management Inc. grew its stake in Amazon.com by 17.6% in the 2nd quarter. AMI Investment Management Inc. now owns 180 shares of the e-commerce giant’s stock valued at $306,000 after purchasing an additional 27 shares during the period. BKD Wealth Advisors LLC grew its stake in Amazon.com by 3.1% in the 2nd quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock valued at $1,603,000 after purchasing an additional 28 shares during the period. Finally, SignalPoint Asset Management LLC grew its stake in Amazon.com by 2.0% in the 2nd quarter. SignalPoint Asset Management LLC now owns 1,453 shares of the e-commerce giant’s stock valued at $2,470,000 after purchasing an additional 29 shares during the period. 55.64% of the stock is currently owned by institutional investors.

A number of research analysts have issued reports on AMZN shares. BidaskClub downgraded Amazon.com from a “hold” rating to a “sell” rating in a research note on Wednesday, October 31st. Morningstar restated a “buy” rating on shares of Amazon.com in a research note on Thursday, October 11th. Barclays restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, September 11th. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research note on Monday, October 1st. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a research note on Monday, October 29th. Three research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $2,096.01.

AMZN stock opened at $1,629.13 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63. The firm has a market cap of $815.80 billion, a PE ratio of 358.05, a PEG ratio of 3.17 and a beta of 1.70. Amazon.com, Inc. has a fifty-two week low of $1,157.00 and a fifty-two week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate of $3.29 by $2.46. The company had revenue of $56.58 billion during the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. On average, equities analysts forecast that Amazon.com, Inc. will post 19.49 EPS for the current year.

In related news, CEO Jeffrey A. Wilke sold 1,230 shares of the stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total transaction of $1,853,536.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 181 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $1,579.89, for a total value of $285,960.09. The disclosure for this sale can be found here. Insiders have sold a total of 25,842 shares of company stock valued at $42,513,241 in the last quarter. 16.30% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “ING Groep NV Lowers Stake in Amazon.com, Inc. (AMZN)” was first published by Daily Political and is owned by of Daily Political. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.dailypolitical.com/2018/12/08/ing-groep-nv-lowers-stake-in-amazon-com-inc-amzn.html.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

Read More: How is the discount rate different from the Federal Funds rate?

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.