Alecta Tjanstepension Omsesidigt Sells 1,640,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Alecta Tjanstepension Omsesidigt lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,035,500 shares of the e-commerce giant's stock after selling 1,640,000 shares during the quarter. Amazon.com accounts for 7.0% of Alecta Tjanstepension Omsesidigt's holdings, making the stock its 3rd biggest holding. Alecta Tjanstepension Omsesidigt owned approximately 0.06% of Amazon.com worth $1,323,827,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Proficio Capital Partners LLC grew its holdings in Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after purchasing an additional 12,018,120 shares during the last quarter. Kovack Advisors Inc. boosted its position in shares of Amazon.com by 7.5% during the fourth quarter. Kovack Advisors Inc. now owns 147,547 shares of the e-commerce giant's stock valued at $32,370,000 after buying an additional 10,356 shares during the period. Mn Services Vermogensbeheer B.V. grew its stake in shares of Amazon.com by 2.1% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 3,143,300 shares of the e-commerce giant's stock valued at $689,609,000 after buying an additional 63,700 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd raised its holdings in shares of Amazon.com by 958.5% in the fourth quarter. Central Asset Investments & Management Holdings HK Ltd now owns 50,026 shares of the e-commerce giant's stock worth $10,975,000 after buying an additional 45,300 shares during the period. Finally, MKD Wealth Coaches LLC bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $501,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Loop Capital increased their target price on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $275.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Morgan Stanley boosted their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Needham & Company LLC reiterated a "buy" rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, February 7th. Finally, Wolfe Research raised their price objective on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $260.53.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $3.84 during mid-day trading on Wednesday, hitting $196.01. The stock had a trading volume of 52,583,223 shares, compared to its average volume of 40,059,232. The firm has a market cap of $2.08 trillion, a PE ratio of 35.44, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a 50 day moving average of $214.60 and a two-hundred day moving average of $209.22. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.