Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by Forsta AP Fonden

Forsta AP Fonden increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,520,000 shares of the e-commerce giant’s stock after purchasing an additional 25,800 shares during the quarter. Amazon.com makes up 3.9% of Forsta AP Fonden’s portfolio, making the stock its 5th biggest holding. Forsta AP Fonden’s holdings in Amazon.com were worth $552,863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Accordant Advisory Group Inc lifted its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC raised its position in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com in the 3rd quarter valued at about $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com in the third quarter worth about $45,000. Finally, Values First Advisors Inc. purchased a new stake in Amazon.com during the third quarter valued at approximately $56,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.0 %

Shares of NASDAQ:AMZN opened at $226.45 on Wednesday. The company has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 40.95, a PEG ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business has a 50-day moving average price of $228.26 and a 200 day moving average price of $202.87. 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 (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Sell-side analysts expect that Amazon.com, Inc. will post 6.24 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Scotiabank raised their price target on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Roth Mkm raised their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Canaccord Genuity Group lifted their price target on shares of Amazon.com from $265.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Finally, Wolfe Research upped their target price on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $260.74.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,611 shares of company stock valued at $11,122,402 over the last quarter. 10.80% of the stock is owned by company insiders.

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.