Amazon.com, Inc. (NASDAQ:AMZN) Position Lifted by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,165 shares of the e-commerce giant’s stock after buying an additional 17,545 shares during the period. Amazon.com accounts for about 3.2% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio, making the stock its 5th largest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Amazon.com were worth $33,908,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Riversedge Advisors LLC lifted its holdings in Amazon.com by 75.2% in the 3rd quarter. Riversedge Advisors LLC now owns 6,321 shares of the e-commerce giant’s stock valued at $804,000 after purchasing an additional 2,714 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Amazon.com by 3.7% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 38,641 shares of the e-commerce giant’s stock worth $4,912,000 after buying an additional 1,377 shares in the last quarter. Asset Planning Services Inc. LA ADV boosted its position in Amazon.com by 1.3% during the third quarter. Asset Planning Services Inc. LA ADV now owns 46,120 shares of the e-commerce giant’s stock worth $5,863,000 after acquiring an additional 610 shares during the last quarter. Chronos Wealth Management LLC grew its stake in Amazon.com by 0.6% during the 3rd quarter. Chronos Wealth Management LLC now owns 55,282 shares of the e-commerce giant’s stock valued at $7,027,000 after acquiring an additional 310 shares in the last quarter. Finally, Connecticut Wealth Management LLC raised its holdings in Amazon.com by 57.5% in the 3rd quarter. Connecticut Wealth Management LLC now owns 24,111 shares of the e-commerce giant’s stock valued at $3,065,000 after acquiring an additional 8,807 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AMZN shares. Royal Bank of Canada boosted their target price on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Robert W. Baird upped their target price on Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. UBS Group lifted their price target on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $211.62.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total transaction of $631,015.00. Following the transaction, the chief executive officer now directly owns 509,358 shares in the company, valued at $91,832,153.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the transaction, the chief executive officer now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the transaction, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Insiders have sold a total of 26,197,961 shares of company stock valued at $4,482,244,357 over the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.0 %

Shares of Amazon.com stock opened at $188.76 on Wednesday. The company has a fifty day simple moving average of $179.60 and a 200-day simple moving average of $161.63. Amazon.com, Inc. has a 12-month low of $104.70 and a 12-month high of $189.94. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.87, a PEG ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter last year, the company posted $0.31 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

About Amazon.com

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.