Amazon.com, Inc. (NASDAQ:AMZN) Position Cut by Mandatum Life Insurance Co Ltd

Mandatum Life Insurance Co Ltd cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,714 shares of the e-commerce giant’s stock after selling 8,596 shares during the period. Amazon.com accounts for about 1.9% of Mandatum Life Insurance Co Ltd’s portfolio, making the stock its 9th biggest position. Mandatum Life Insurance Co Ltd’s holdings in Amazon.com were worth $6,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bellecapital International Ltd. grew its stake in Amazon.com by 1,993.8% in the second quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock worth $7,503,000 after purchasing an additional 67,270 shares in the last quarter. Bouchey Financial Group Ltd grew its stake in Amazon.com by 2,027.5% in the second quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock worth $17,028,000 after purchasing an additional 152,790 shares in the last quarter. Gulf International Bank UK Ltd grew its stake in Amazon.com by 1.0% in the third quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant’s stock worth $172,544,000 after purchasing an additional 15,640 shares in the last quarter. Ervin Investment Management LLC grew its stake in Amazon.com by 1,900.0% in the second quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock worth $320,000 after purchasing an additional 2,793 shares in the last quarter. Finally, Csenge Advisory Group grew its stake in Amazon.com by 2,077.0% in the second quarter. Csenge Advisory Group now owns 68,119 shares of the e-commerce giant’s stock worth $7,235,000 after purchasing an additional 64,990 shares in the last quarter. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. Sanford C. Bernstein dropped their price objective on Amazon.com from $150.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. DA Davidson dropped their price objective on Amazon.com to $114.00 in a research note on Thursday, December 1st. Bank of America dropped their target price on Amazon.com from $157.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Wedbush dropped their target price on Amazon.com from $175.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Finally, Morgan Stanley dropped their target price on Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have issued a buy rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $145.87.

Amazon.com Trading Down 1.9 %

AMZN stock opened at $93.68 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The stock has a market cap of $955.69 billion, a price-to-earnings ratio of 85.98, a PEG ratio of 3.09 and a beta of 1.22. The business’s 50-day moving average is $90.79 and its 200 day moving average is $110.37.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 7,456 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the transaction, the chief executive officer now directly owns 533,435 shares in the company, valued at approximately $50,142,890. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $700,864.00. Following the sale, the chief executive officer now directly owns 533,435 shares in the company, valued at approximately $50,142,890. The disclosure for this sale can be found here. Insiders have sold a total of 52,428 shares of company stock worth $5,077,578 in the last ninety days. Insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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