Mandatum Life Insurance Co Ltd Has $2.16 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Mandatum Life Insurance Co Ltd decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,856 shares of the e-commerce giant’s stock after selling 495 shares during the quarter. Mandatum Life Insurance Co Ltd’s holdings in Amazon.com were worth $2,162,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Hoese & Co LLP bought a new stake in Amazon.com during the third quarter worth about $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com in the third quarter valued at approximately $45,000. Values First Advisors Inc. acquired a new position in Amazon.com in the third quarter valued at approximately $56,000. IFS Advisors LLC increased its stake in Amazon.com by 1,625.0% in the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 325 shares in the last quarter. Finally, West Financial Advisors LLC bought a new stake in Amazon.com in the fourth quarter valued at approximately $88,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMZN. Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research note on Thursday, January 30th. Loop Capital raised their target price on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Moffett Nathanson raised their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $251.44.

Amazon.com Trading Down 0.1 %

Shares of Amazon.com stock opened at $237.42 on Tuesday. The stock has a fifty day simple moving average of $223.83 and a 200 day simple moving average of $198.98. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $241.77. The company has a market capitalization of $2.50 trillion, a P/E ratio of 50.84, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,027,340 shares of company stock valued at $1,252,456,773. Insiders own 10.80% of the company’s stock.

Amazon.com Company Profile

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.