Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,264,400 shares of the e-commerce giant’s stock after selling 2,419,640 shares during the period. Amazon.com comprises about 2.2% of Swiss National Bank’s holdings, making the stock its 3rd biggest position. Swiss National Bank owned about 0.36% of Amazon.com worth $3,130,210,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AMZN. Westchester Capital Management Inc. grew its stake in shares of Amazon.com by 5.5% during the 4th quarter. Westchester Capital Management Inc. now owns 27,485 shares of the e-commerce giant’s stock valued at $2,309,000 after buying an additional 1,430 shares during the period. Summit Wealth Group LLC grew its stake in shares of Amazon.com by 24.8% during the 4th quarter. Summit Wealth Group LLC now owns 5,742 shares of the e-commerce giant’s stock valued at $482,000 after buying an additional 1,140 shares during the period. Cozad Asset Management Inc. grew its stake in shares of Amazon.com by 14.3% during the 4th quarter. Cozad Asset Management Inc. now owns 96,804 shares of the e-commerce giant’s stock valued at $8,132,000 after buying an additional 12,147 shares during the period. Blume Capital Management Inc. grew its stake in shares of Amazon.com by 211.5% during the 4th quarter. Blume Capital Management Inc. now owns 47,231 shares of the e-commerce giant’s stock valued at $3,967,000 after buying an additional 32,067 shares during the period. Finally, Nwam LLC grew its stake in shares of Amazon.com by 3.5% during the 4th quarter. Nwam LLC now owns 117,284 shares of the e-commerce giant’s stock valued at $9,852,000 after buying an additional 3,964 shares during the period. 57.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 10,760 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the completion of the sale, the chief executive officer now directly owns 150,120 shares of the company’s stock, valued at $16,562,739.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 10,760 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the completion of the sale, the chief executive officer now directly owns 150,120 shares of the company’s stock, valued at $16,562,739.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the sale, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The disclosure for this sale can be found here. Insiders sold a total of 26,599 shares of company stock valued at $2,781,085 over the last ninety days. Insiders own 12.30% of the company’s stock.

Amazon.com Trading Down 1.1 %

Shares of NASDAQ:AMZN opened at $115.01 on Tuesday. The company has a 50 day moving average of $104.08 and a 200-day moving average of $97.25. The firm has a market cap of $1.18 trillion, a P/E ratio of 273.83, a P/E/G ratio of 4.04 and a beta of 1.26. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company had revenue of $127.36 billion during the quarter, compared to analyst estimates of $124.57 billion. During the same period in the prior year, the business posted $0.21 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMZN. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Amazon.com in a report on Wednesday, April 12th. Credit Suisse Group reduced their target price on shares of Amazon.com from $150.00 to $140.00 in a report on Tuesday, April 25th. Cowen lifted their target price on shares of Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Finally, JMP Securities restated a “market outperform” rating and set a $140.00 target price on shares of Amazon.com in a report on Wednesday, April 19th. Three research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $143.12.

About Amazon.com

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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 segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.