Fjarde AP Fonden Fourth Swedish National Pension Fund Has $337.70 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,539,246 shares of the e-commerce giant's stock after selling 10,600 shares during the period. Amazon.com accounts for about 3.4% of Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings, making the stock its 4th biggest holding. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Amazon.com were worth $337,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Delta Financial Group Inc. raised its stake in Amazon.com by 1.0% during the fourth quarter. Delta Financial Group Inc. now owns 21,830 shares of the e-commerce giant's stock worth $4,789,000 after buying an additional 222 shares during the last quarter. Ascent Wealth Partners LLC lifted its stake in Amazon.com by 1.6% in the fourth quarter. Ascent Wealth Partners LLC now owns 45,216 shares of the e-commerce giant's stock valued at $9,920,000 after buying an additional 726 shares during the period. Summit Asset Management LLC increased its stake in Amazon.com by 88.0% in the fourth quarter. Summit Asset Management LLC now owns 37,177 shares of the e-commerce giant's stock valued at $8,156,000 after purchasing an additional 17,400 shares in the last quarter. Atlantic Family Wealth LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $679,000. Finally, Delap Wealth Advisory LLC boosted its position in shares of Amazon.com by 4.2% during the 4th quarter. Delap Wealth Advisory LLC now owns 6,266 shares of the e-commerce giant's stock worth $1,375,000 after purchasing an additional 250 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

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Amazon.com Price Performance

Shares of AMZN stock traded up $2.45 during trading hours on Tuesday, hitting $205.71. 31,105,980 shares of the company's stock were exchanged, compared to its average volume of 38,443,934. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market capitalization of $2.18 trillion, a PE ratio of 37.20, a PEG ratio of 1.50 and a beta of 1.19. The business's 50 day simple moving average is $218.60 and its 200-day simple moving average is $208.62. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

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

Insider Buying and Selling

In related news, SVP David Zapolsky sold 19,212 shares of Amazon.com 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 transaction, the senior vice president now directly owns 49,950 shares of the company's stock, valued at $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock worth $22,871,828 in the last ninety days. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMZN. Citigroup reiterated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Piper Sandler restated an "overweight" rating and set a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Tigress Financial upped their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the stock a "buy" rating in a report on Friday, December 20th. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Finally, Maxim Group upped their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $260.65.

Amazon.com Company 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.