Livforsakringsbolaget Skandia Omsesidigt Has $64.98 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Livforsakringsbolaget Skandia Omsesidigt raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 341,550 shares of the e-commerce giant's stock after purchasing an additional 2,000 shares during the quarter. Amazon.com accounts for 3.7% of Livforsakringsbolaget Skandia Omsesidigt's portfolio, making the stock its 5th biggest position. Livforsakringsbolaget Skandia Omsesidigt's holdings in Amazon.com were worth $64,980,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc raised its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Finally, Quattro Financial Advisors LLC raised its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 2.1%

AMZN stock opened at $212.77 on Wednesday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 34.65, a PEG ratio of 1.57 and a beta of 1.33. The business has a 50 day simple moving average of $199.60 and a two-hundred day simple moving average of $209.07.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMZN shares. Tigress Financial upped their target price on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Westpark Capital restated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Rosenblatt Securities increased their price objective on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Morgan Stanley lowered their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. raised their price objective on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $245.64.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the transaction, the chief executive officer now directly owns 517,050 shares in the company, valued at approximately $105,984,909. This represents a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer now owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 in the last three months. 10.80% of the stock is owned by company insiders.

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.

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