Livforsakringsbolaget Skandia Omsesidigt Has $11.84 Million Position in Amazon.com, Inc. (AMZN)
Livforsakringsbolaget Skandia Omsesidigt reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,226 shares of the e-commerce giant’s stock after selling 700 shares during the period. Amazon.com accounts for approximately 1.1% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 12th biggest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Amazon.com were worth $11,835,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in AMZN. State Street Corp raised its position in Amazon.com by 1.1% during the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after purchasing an additional 186,756 shares during the last quarter. Karp Capital Management Corp bought a new position in Amazon.com during the 1st quarter worth $157,189,000. Canada Pension Plan Investment Board raised its position in Amazon.com by 401.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock worth $140,100,000 after purchasing an additional 126,534 shares during the last quarter. Clearbridge Investments LLC raised its position in Amazon.com by 11.9% during the 1st quarter. Clearbridge Investments LLC now owns 883,531 shares of the e-commerce giant’s stock worth $783,286,000 after purchasing an additional 93,757 shares during the last quarter. Finally, Bank of Nova Scotia raised its position in Amazon.com by 893.7% during the 1st quarter. Bank of Nova Scotia now owns 91,200 shares of the e-commerce giant’s stock worth $80,853,000 after purchasing an additional 82,022 shares during the last quarter. 60.80% of the stock is owned by institutional investors and hedge funds.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total value of $699,527.50. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,852,500. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,552,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,793 shares of company stock valued at $9,574,377. 17.70% of the stock is owned by corporate insiders.
Several research analysts recently issued reports on the company. UBS AG reaffirmed a “buy” rating and set a $1,100.00 target price on shares of Amazon.com in a research report on Wednesday, June 21st. TheStreet lowered Amazon.com from a “b-” rating to a “c+” rating in a research report on Monday, July 10th. Tigress Financial reissued a “buy” rating on shares of Amazon.com in a research report on Wednesday, August 9th. KeyCorp reissued a “hold” rating on shares of Amazon.com in a research report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $1,275.00 price objective on shares of Amazon.com in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-six have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $1,094.66.
Amazon.com, Inc. (NASDAQ AMZN) traded down 0.2962% during mid-day trading on Friday, hitting $989.2708. 2,151,288 shares of the stock were exchanged. The firm has a market capitalization of $475.22 billion, a price-to-earnings ratio of 251.5948 and a beta of 1.47. The company’s 50-day moving average price is $977.31 and its 200 day moving average price is $948.39. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($1.00). The company had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. Amazon.com’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the firm earned $1.78 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post $3.89 EPS for the current year.
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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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