Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 600,200 shares of the e-commerce giant’s stock after acquiring an additional 79,000 shares during the period. Handelsbanken Fonder AB’s holdings in Amazon.com were worth $131,678,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mcdaniel Terry & Co. grew its stake in shares of Amazon.com by 0.4% in the fourth quarter. Mcdaniel Terry & Co. now owns 124,079 shares of the e-commerce giant’s stock valued at $27,222,000 after buying an additional 550 shares in the last quarter. WealthBridge Capital Management LLC grew its position in Amazon.com by 0.9% in the 4th quarter. WealthBridge Capital Management LLC now owns 51,051 shares of the e-commerce giant’s stock valued at $11,200,000 after acquiring an additional 435 shares in the last quarter. WealthCare Investment Partners LLC increased its stake in Amazon.com by 8.6% during the fourth quarter. WealthCare Investment Partners LLC now owns 3,410 shares of the e-commerce giant’s stock worth $751,000 after purchasing an additional 271 shares during the period. Sunpointe LLC lifted its position in shares of Amazon.com by 4.4% during the fourth quarter. Sunpointe LLC now owns 22,199 shares of the e-commerce giant’s stock worth $4,870,000 after purchasing an additional 932 shares in the last quarter. Finally, Corps Capital Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $3,582,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 over the last 90 days. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AMZN shares. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Morgan Stanley upped their price objective on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Moffett Nathanson lifted their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Maxim Group upped their price target on Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Roth Mkm increased their price target on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $194.95 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 35.25, a PEG ratio of 1.50 and a beta of 1.19. The company has a 50-day simple moving average of $219.36 and a 200-day simple moving average of $207.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.