AMF Tjanstepension AB Has $394.57 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

AMF Tjanstepension AB raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,187,415 shares of the e-commerce giant’s stock after buying an additional 85,729 shares during the quarter. Amazon.com accounts for 3.0% of AMF Tjanstepension AB’s investment portfolio, making the stock its 6th largest holding. AMF Tjanstepension AB’s holdings in Amazon.com were worth $394,566,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cooksen Wealth LLC acquired a new stake in Amazon.com in the fourth quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares during the period. Strid Group LLC bought a new stake in Amazon.com in the 4th quarter valued at about $43,000. Harbor Investment Advisory LLC raised its stake in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. bought a new position in Amazon.com in the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMZN. Argus upped their target price on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Raymond James upped their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1st. Barclays lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Needham & Company LLC restated a “buy” rating and issued a $205.00 target price on shares of Amazon.com in a report on Monday. Finally, Piper Sandler boosted their price objective on Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus target price of $215.86.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares in the company, valued at $23,688,228. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the sale, the director now owns 4,760 shares of the company’s stock, valued at $886,407.20. The disclosure for this sale can be found here. Insiders have sold a total of 69,548 shares of company stock worth $12,774,204 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.2 %

AMZN opened at $197.59 on Thursday. The company has a 50 day moving average of $184.68 and a 200 day moving average of $173.98. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $200.43. The company has a market cap of $2.06 trillion, a PE ratio of 55.35, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.72 EPS 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.