E. Ohman J or Asset Management AB Buys 10,538 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

E. Ohman J or Asset Management AB boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,077,873 shares of the e-commerce giant’s stock after acquiring an additional 10,538 shares during the quarter. Amazon.com accounts for about 5.4% of E. Ohman J or Asset Management AB’s investment portfolio, making the stock its 4th biggest position. E. Ohman J or Asset Management AB’s holdings in Amazon.com were worth $205,076,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMZN. Momentous Wealth Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter worth $749,000. Segall Bryant & Hamill LLC boosted its holdings in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after purchasing an additional 39,696 shares during the period. Bearing Point Capital LLC bought a new stake in Amazon.com during the fourth quarter worth about $12,014,000. Evergreen Capital Management LLC lifted its position in shares of Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after buying an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after buying an additional 2,196,353 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 2,695 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 in the last three months. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMZN. Evercore ISI cut their target price on Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Truist Financial lowered their price objective on Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Needham & Company LLC restated a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Benchmark restated a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Wells Fargo & Company dropped their target price on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $244.89.

Amazon.com Price Performance

Shares of AMZN opened at $214.82 on Wednesday. The company has a market capitalization of $2.28 trillion, a P/E ratio of 34.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. 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 firm has a 50 day moving average of $196.86 and a 200 day moving average of $209.30.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.