Mandatum Life Insurance Co Ltd Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Mandatum Life Insurance Co Ltd lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 46.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,351 shares of the e-commerce giant's stock after selling 8,998 shares during the period. Mandatum Life Insurance Co Ltd's holdings in Amazon.com were worth $1,929,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMZN. PayPay Securities Corp raised its stake in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new stake in Amazon.com in the third quarter worth $37,000. Christopher J. Hasenberg Inc raised its holdings in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after purchasing an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new position in Amazon.com during the first quarter valued at $69,000. Finally, Innealta Capital LLC bought a new stake in shares of Amazon.com during the 2nd quarter valued at $77,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company's stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,011,423 shares of company stock valued at $1,249,093,896 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Amazon.com stock traded down $1.26 during mid-day trading on Friday, hitting $197.12. The stock had a trading volume of 31,530,844 shares, compared to its average volume of 47,246,564. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm's 50 day moving average is $193.00 and its 200 day moving average is $186.31. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 42.21, a P/E/G ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Benchmark boosted their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. DA Davidson restated a "buy" rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, October 10th. TD Cowen upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Piper Sandler raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Finally, Itau BBA Securities downgraded shares of Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 target price on the stock. in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $235.77.

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.