Handelsbanken Fonder AB Has $97.12 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Handelsbanken Fonder AB cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 521,200 shares of the e-commerce giant’s stock after selling 57,500 shares during the period. Handelsbanken Fonder AB’s holdings in Amazon.com were worth $97,115,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AMZN. PayPay Securities Corp increased its stake in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc grew its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com in the 1st quarter valued at about $69,000. Innealta Capital LLC acquired a new position in Amazon.com in the 2nd quarter valued at about $77,000. Finally, Abich Financial Wealth Management LLC grew its stake in Amazon.com by 84.7% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock valued at $84,000 after buying an additional 199 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP David Zapolsky sold 9,490 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the completion of the sale, the senior vice president now directly owns 64,610 shares in the company, valued at $11,686,656.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,855 shares of company stock worth $9,215,048. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Up 6.2 %

Shares of NASDAQ AMZN opened at $197.93 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a 52-week low of $136.47 and a 52-week high of $201.20. The firm has a 50 day moving average price of $184.82 and a two-hundred day moving average price of $183.75. The stock has a market cap of $2.08 trillion, a P/E ratio of 47.35, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.84 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research reports. Wolfe Research initiated coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price target on the stock. TD Securities upped their price target on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Benchmark upped their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday. JMP Securities increased their target price on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research report on Friday. Finally, Rosenblatt Securities increased their target price on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $244.11.

About Amazon.com

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.