Avanza Fonder AB Lowers Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Avanza Fonder AB lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 818,635 shares of the e-commerce giant's stock after selling 67,065 shares during the quarter. Amazon.com makes up approximately 5.3% of Avanza Fonder AB's portfolio, making the stock its 4th biggest holding. Avanza Fonder AB's holdings in Amazon.com were worth $160,461,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the period. FMR LLC raised its holdings in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the period. Geode Capital Management LLC raised its holdings in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares during the period. Finally, Norges Bank bought a new stake in Amazon.com during the 4th quarter valued at $27,266,582,000. Institutional investors own 72.20% of the company's stock.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $190.67, for a total transaction of $476,675.00. Following the completion of the transaction, the chief executive officer now directly owns 506,974 shares of the company's stock, valued at approximately $96,664,732.58. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,037 shares of company stock valued at $20,531,075. Insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Oppenheimer boosted their target price on shares of Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Scotiabank reduced their price target on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Truist Financial reduced their price target on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Cantor Fitzgerald boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Moffett Nathanson boosted their price target on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $245.64.

Amazon.com Stock Performance

Amazon.com stock opened at $212.77 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.26 trillion, a PE ratio of 34.65, a P/E/G ratio of 1.57 and a beta of 1.33. The firm has a fifty day simple moving average of $199.60 and a two-hundred day simple moving average of $209.07. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 earnings per share. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com 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.

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