Lansforsakringar Fondforvaltning AB publ Has $813.77 Million Position in Amazon.com, Inc. $AMZN

Lansforsakringar Fondforvaltning AB publ lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,706,182 shares of the e-commerce giant’s stock after purchasing an additional 76,387 shares during the period. Amazon.com accounts for 4.2% of Lansforsakringar Fondforvaltning AB publ’s holdings, making the stock its 4th biggest position. Lansforsakringar Fondforvaltning AB publ’s holdings in Amazon.com were worth $813,766,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Kazazian Asset Management LLC raised its holdings in shares of Amazon.com by 10.4% in the 3rd quarter. Kazazian Asset Management LLC now owns 32,692 shares of the e-commerce giant’s stock valued at $7,178,000 after purchasing an additional 3,084 shares during the period. Journey Advisory Group LLC grew its holdings in Amazon.com by 2.5% during the third quarter. Journey Advisory Group LLC now owns 24,462 shares of the e-commerce giant’s stock worth $5,371,000 after purchasing an additional 593 shares during the period. Advyzon Investment Management LLC increased its position in Amazon.com by 28.6% during the third quarter. Advyzon Investment Management LLC now owns 27,387 shares of the e-commerce giant’s stock worth $6,013,000 after buying an additional 6,097 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. increased its position in Amazon.com by 40.2% during the third quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 31,400 shares of the e-commerce giant’s stock worth $6,894,000 after buying an additional 9,000 shares during the last quarter. Finally, White Pine Capital LLC raised its stake in Amazon.com by 0.4% in the third quarter. White Pine Capital LLC now owns 28,905 shares of the e-commerce giant’s stock valued at $6,347,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

More Amazon.com News

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Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 10,649 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the transaction, the senior vice president owned 41,190 shares in the company, valued at $8,461,661.70. This represents a 20.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the transaction, the chief executive officer directly owned 2,238,118 shares in the company, valued at $459,217,051.24. This represents a 0.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 71,686 shares of company stock valued at $14,688,739 in the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $213.49 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. The business has a fifty day simple moving average of $224.46 and a 200 day simple moving average of $227.16. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The company has a market capitalization of $2.29 trillion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 1.60 and a beta of 1.40.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The firm had revenue of $213.39 billion for the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.86 EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Bank of America cut their price objective on Amazon.com from $303.00 to $286.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. President Capital dropped their price target on Amazon.com from $320.00 to $296.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Truist Financial cut their price target on Amazon.com from $290.00 to $280.00 and set a “buy” rating for the company in a report on Friday, February 6th. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $287.29.

Read Our Latest Stock Report on Amazon.com

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

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

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