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.

ILLEGAL ACTIVITY WARNING: This report was published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://www.dailypolitical.com/2017/09/15/livforsakringsbolaget-skandia-omsesidigt-has-11-84-million-position-in-amazon-com-inc-amzn.html.

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.

About Amazon.com

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.

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

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