Swiss Life Asset Management Ltd Acquires 75,703 Shares of Amazon.com, Inc. $AMZN

Swiss Life Asset Management Ltd boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,311,501 shares of the e-commerce giant’s stock after acquiring an additional 75,703 shares during the period. Amazon.com accounts for approximately 2.6% of Swiss Life Asset Management Ltd’s investment portfolio, making the stock its 6th biggest position. Swiss Life Asset Management Ltd’s holdings in Amazon.com were worth $507,536,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AMZN. Vanguard Group Inc. boosted its stake in Amazon.com by 2.1% during the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after buying an additional 17,447,045 shares during the last quarter. State Street Corp grew its holdings in Amazon.com by 2.0% in the 3rd quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant’s stock valued at $83,805,794,000 after buying an additional 7,584,156 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Amazon.com by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock worth $47,332,625,000 after acquiring an additional 3,721,658 shares during the last quarter. Norges Bank acquired a new stake in shares of Amazon.com in the 2nd quarter worth $27,438,011,000. Finally, Northern Trust Corp raised its holdings in shares of Amazon.com by 0.3% during the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after acquiring an additional 302,858 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Trending Headlines about Amazon.com

Here are the key news stories impacting Amazon.com this week:

Insider Activity

In related news, CEO Matthew S. Garman sold 17,751 shares of Amazon.com stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the completion of the sale, the chief executive officer owned 9,405 shares in the company, valued at approximately $1,930,094.10. This trade represents a 65.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 2,695 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.90, for a total value of $554,900.50. Following the completion of the sale, the vice president directly owned 119,780 shares in the company, valued at approximately $24,662,702. The trade was a 2.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,686 shares of company stock worth $14,688,739 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMZN shares. Wall Street Zen cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Citizens Jmp lifted their target price on shares of Amazon.com from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Scotiabank reiterated an “outperform” rating and issued a $275.00 target price (down from $300.00) on shares of Amazon.com in a report on Friday, February 6th. Tigress Financial increased their price target on shares of Amazon.com from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Finally, Monness Crespi & Hardt cut their price target on shares of Amazon.com from $300.00 to $280.00 and set a “buy” rating for the company in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $286.66.

Get Our Latest Stock Analysis on Amazon.com

Amazon.com Stock Performance

Shares of AMZN stock opened at $199.34 on Monday. 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 firm has a market cap of $2.14 trillion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The company has a 50-day moving average of $216.42 and a two-hundred day moving average of $225.07. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly 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 company had revenue of $213.39 billion for the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. Amazon.com’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

(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.

See Also

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.