Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Raised by AMF Tjanstepension AB

AMF Tjanstepension AB grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 44.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,641,401 shares of the e-commerce giant’s stock after acquiring an additional 811,425 shares during the period. Amazon.com accounts for 3.5% of AMF Tjanstepension AB’s portfolio, making the stock its 6th largest holding. AMF Tjanstepension AB’s holdings in Amazon.com were worth $492,172,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMZN. Northwestern Mutual Wealth Management Co. increased its stake in shares of Amazon.com by 0.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock worth $550,217,000 after purchasing an additional 14,766 shares in the last quarter. Stonekeep Investments LLC purchased a new stake in shares of Amazon.com in the second quarter worth $2,588,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Amazon.com by 164.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock worth $203,677,000 after purchasing an additional 654,908 shares in the last quarter. Rockport Wealth LLC increased its stake in shares of Amazon.com by 2,240.6% in the second quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant’s stock worth $14,832,000 after purchasing an additional 73,470 shares in the last quarter. Finally, Eos Management L.P. increased its stake in shares of Amazon.com by 27.1% in the second quarter. Eos Management L.P. now owns 47,554 shares of the e-commerce giant’s stock worth $9,190,000 after purchasing an additional 10,147 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,030,183 shares of company stock worth $1,252,883,795 in the last three months. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMZN. Royal Bank of Canada lifted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Piper Sandler raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Morgan Stanley raised their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Needham & Company LLC restated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a report on Wednesday. Finally, Robert W. Baird raised their target price on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $236.20.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $227.03 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $143.64 and a 12 month high of $227.15. The company has a 50 day simple moving average of $197.39 and a two-hundred day simple moving average of $188.12. The stock has a market cap of $2.39 trillion, a price-to-earnings ratio of 48.61, a PEG ratio of 1.46 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the business posted $0.85 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

About Amazon.com

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.