Amazon.com, Inc. $AMZN Shares Purchased by AMF Tjanstepension AB

AMF Tjanstepension AB raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the first quarter, Holdings Channel reports. The institutional investor owned 2,478,996 shares of the e-commerce giant’s stock after purchasing an additional 53,800 shares during the period. Amazon.com accounts for about 3.4% of AMF Tjanstepension AB’s portfolio, making the stock its 6th largest position. AMF Tjanstepension AB’s holdings in Amazon.com were worth $516,300,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Triglav Investments D.O.O. boosted its holdings in shares of Amazon.com by 10.1% during the 1st quarter. Triglav Investments D.O.O. now owns 455,542 shares of the e-commerce giant’s stock worth $94,875,000 after purchasing an additional 41,774 shares during the last quarter. Y.D. More Investments Ltd boosted its stake in Amazon.com by 16.0% during the first quarter. Y.D. More Investments Ltd now owns 154,308 shares of the e-commerce giant’s stock worth $32,119,000 after buying an additional 21,260 shares during the last quarter. Hibernia Wealth Partners LLC boosted its stake in Amazon.com by 32.1% during the first quarter. Hibernia Wealth Partners LLC now owns 4,415 shares of the e-commerce giant’s stock worth $920,000 after buying an additional 1,074 shares during the last quarter. CORDA Investment Management LLC. grew its holdings in Amazon.com by 2.7% in the 1st quarter. CORDA Investment Management LLC. now owns 219,106 shares of the e-commerce giant’s stock valued at $45,633,000 after buying an additional 5,856 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Amazon.com by 1.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,692,462 shares of the e-commerce giant’s stock valued at $352,490,000 after buying an additional 16,517 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AMZN shares. Evercore boosted their price target on shares of Amazon.com from $285.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Barclays restated an “overweight” rating on shares of Amazon.com in a research report on Tuesday, June 9th. William Blair reiterated an “outperform” rating on shares of Amazon.com in a report on Thursday, April 9th. Raymond James Financial reiterated an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, May 1st. Finally, BNP Paribas Exane increased their price target on shares of Amazon.com from $320.00 to $345.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $312.91.

Amazon.com Trading Down 0.7%

Shares of NASDAQ AMZN opened at $232.11 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.50 trillion, a PE ratio of 27.76, a PEG ratio of 1.74 and a beta of 1.46. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56. The stock has a fifty day simple moving average of $248.26 and a 200-day simple moving average of $236.32.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $1.15. The company had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.Amazon.com’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the business posted $1.59 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 7.75 earnings per share for the current year.

Trending Headlines about Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Options data and several analyst/commentary pieces suggest traders expect a post-earnings move higher, and multiple firms remain bullish on AMZN heading into the July 30 report. Ahead of Amazon Earnings, Here’s What Barchart Data Says Comes Next for AMZN Stock
• Positive Sentiment: India eased e-commerce export rules, which is a win for Amazon’s international marketplace ambitions and could support long-term growth. India relaxes e-commerce investment rules for exports in win for Amazon
• Positive Sentiment: Several bullish research notes continue to frame AWS, custom silicon, and Amazon’s AI buildout as long-term growth drivers, with some investors arguing the capex surge should ultimately strengthen Amazon’s competitive moat. Amazon: Why The CapEx Surge Makes Me More Bullish, Not Less

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 9,270 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the completion of the transaction, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $11,060,750.70. The trade was a 18.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the completion of the sale, the chief executive officer directly owned 471,361 shares in the company, valued at approximately $129,624,275. This trade represents a 5.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 140,425 shares of company stock valued at $37,715,464. 8.90% of the stock is owned by corporate insiders.

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.