Tredje AP fonden boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,511 shares of the e-commerce giant’s stock after buying an additional 970 shares during the period. Amazon.com accounts for about 1.6% of Tredje AP fonden’s investment portfolio, making the stock its 4th biggest holding. Tredje AP fonden’s holdings in Amazon.com were worth $44,160,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of AMZN. Rovida Advisors Inc. lifted its stake in Amazon.com by 34.9% in the 1st quarter. Rovida Advisors Inc. now owns 80,087 shares of the e-commerce giant’s stock valued at $115,646,000 after buying an additional 20,705 shares in the last quarter. Investors Research Corp acquired a new stake in Amazon.com in the 1st quarter valued at approximately $236,000. Korea Investment CORP increased its holdings in Amazon.com by 0.9% in the 1st quarter. Korea Investment CORP now owns 358,304 shares of the e-commerce giant’s stock valued at $518,588,000 after purchasing an additional 3,256 shares during the last quarter. American Economic Planning Group Inc. ADV increased its holdings in Amazon.com by 5.0% in the 1st quarter. American Economic Planning Group Inc. ADV now owns 720 shares of the e-commerce giant’s stock valued at $1,042,000 after purchasing an additional 34 shares during the last quarter. Finally, GFS Advisors LLC increased its holdings in Amazon.com by 1.8% in the 1st quarter. GFS Advisors LLC now owns 3,643 shares of the e-commerce giant’s stock valued at $5,273,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.
Shares of Amazon.com stock traded down $12.22 on Friday, reaching $1,886.30. 3,620,761 shares of the stock were exchanged, compared to its average volume of 5,021,807. Amazon.com, Inc. has a 1-year low of $931.75 and a 1-year high of $1,914.57. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The firm has a market cap of $925.99 billion, a price-to-earnings ratio of 414.57, a price-to-earnings-growth ratio of 4.15 and a beta of 1.60.
In other Amazon.com news, CEO Andrew R. Jassy sold 1,726 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $1,574.33, for a total transaction of $2,717,293.58. Following the transaction, the chief executive officer now directly owns 86,419 shares in the company, valued at $136,052,024.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tom A. Alberg sold 2,320 shares of the company’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,438 shares of company stock worth $27,553,529. Company insiders own 16.30% of the company’s stock.
AMZN has been the subject of several research reports. Citigroup boosted their price target on shares of Amazon.com to $1,900.00 and gave the stock a “buy” rating in a research note on Friday, April 27th. Piper Jaffray Companies restated an “overweight” rating and issued a $2,100.00 price target (up previously from $2,075.00) on shares of Amazon.com in a research note on Friday, July 27th. Cascend Securities initiated coverage on shares of Amazon.com in a research note on Friday, May 4th. They issued a “buy” rating and a $1,800.00 price target for the company. Credit Suisse Group restated an “outperform” rating and issued a $1,950.00 price target (up previously from $1,800.00) on shares of Amazon.com in a research note on Friday, April 27th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, May 4th. Two equities research analysts have rated the stock with a hold rating, fifty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $1,933.51.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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