Amazon.com, Inc. (AMZN) Position Decreased by Tredje AP fonden
Tredje AP fonden decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,451 shares of the e-commerce giant’s stock after selling 5,065 shares during the period. Amazon.com makes up about 0.7% of Tredje AP fonden’s portfolio, making the stock its 19th largest position. Tredje AP fonden’s holdings in Amazon.com were worth $19,017,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the stock. Baltimore Washington Financial Advisors Inc. bought a new position in Amazon.com during the fourth quarter worth $23,951,000. OLD Second National Bank of Aurora increased its position 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 in the last quarter. Ibex Wealth Advisors bought a new position in Amazon.com during the fourth quarter worth $113,000. Lipe & Dalton bought a new position in Amazon.com during the first quarter worth $124,000. Finally, Arcadia Investment Management Corp MI increased its position 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 in the last quarter. 62.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amazon.com, Inc. (AMZN) opened at 992.27 on Tuesday. The firm has a market capitalization of $476.67 billion, a PE ratio of 252.36 and a beta of 1.48. The company’s 50 day moving average is $999.29 and its 200 day moving average is $918.57. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. During the same period in the previous year, the company posted $1.78 earnings per share. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post $3.84 earnings per share for the current year.
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A number of equities analysts have weighed in on AMZN shares. Deutsche Bank AG increased their price target on shares of Amazon.com from $1,050.00 to $1,125.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Robert W. Baird reaffirmed an “outperform” rating and set a $850.00 price target on shares of Amazon.com in a research note on Monday, May 1st. Raymond James Financial, Inc. downgraded shares of Amazon.com from an “outperform” rating to a “mkt perform” rating in a research note on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, May 1st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $1,065.61.
In related news, CEO Jeffrey A. Wilke sold 2,670 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $1,010.64, for a total transaction of $2,698,408.80. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $10,106,400. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $987.39, for a total transaction of $701,046.90. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,873,900. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,890 shares of company stock valued at $12,699,003. 17.70% of the stock is owned by company insiders.
Amazon.com Company Profile
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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