Tredje AP fonden Has $539.52 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Tredje AP fonden grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,459,162 shares of the e-commerce giant's stock after buying an additional 340,163 shares during the period. Amazon.com makes up 4.8% of Tredje AP fonden's investment portfolio, making the stock its 4th biggest holding. Tredje AP fonden's holdings in Amazon.com were worth $539,516,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AMZN. Accordant Advisory Group Inc increased its stake in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares during the period. Compass Planning Associates Inc bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $51,000. Quattro Financial Advisors LLC raised its holdings in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in Amazon.com in the 4th quarter valued at $54,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in shares of Amazon.com by 64.4% during the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock valued at $63,000 after acquiring an additional 112 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,798 shares of company stock valued at $23,341,803. Corporate insiders own 10.80% of the company's stock.

Remove Ads

Amazon.com Stock Down 3.6 %

AMZN traded down $6.51 during trading on Wednesday, hitting $173.08. The company had a trading volume of 29,202,868 shares, compared to its average volume of 41,568,664. The firm's 50-day moving average price is $201.96 and its 200 day moving average price is $208.30. The company has a market capitalization of $1.83 trillion, a PE ratio of 31.30, a PEG ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

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

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Westpark Capital began coverage on shares of Amazon.com in a research report on Tuesday, April 1st. They set a "buy" rating and a $280.00 target price for the company. Jefferies Financial Group decreased their price target on Amazon.com from $275.00 to $250.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Cantor Fitzgerald reduced their price objective on Amazon.com from $270.00 to $230.00 and set an "overweight" rating on the stock in a research note on Wednesday. Stifel Nicolaus lifted their price target on Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Rosenblatt Securities raised their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $252.73.

Amazon.com Profile

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.