Tredje AP fonden Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

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.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $2.58. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The business had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. During the same period in the previous year, the business posted $0.40 earnings per share. The business’s revenue was up 39.3% compared to the same quarter last year. equities research analysts anticipate that Amazon.com, Inc. will post 17.27 EPS for the current year.

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 Profile

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

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