Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,829,976 shares of the e-commerce giant's stock after selling 357,439 shares during the period. Amazon.com makes up about 2.6% of AMF Tjanstepension AB's holdings, making the stock its 11th biggest position. AMF Tjanstepension AB's holdings in Amazon.com were worth $353,643,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. Collective Family Office LLC grew its stake in Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant's stock valued at $1,674,000 after acquiring an additional 819 shares in the last quarter. Members Trust Co grew its stake in Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant's stock valued at $638,000 after acquiring an additional 341 shares in the last quarter. Phillips Wealth Planners LLC grew its stake in Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant's stock worth $487,000 after buying an additional 224 shares in the last quarter. LifePlan Financial LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $1,276,000. Finally, Legacy CG LLC grew its stake in Amazon.com by 8.2% in the 4th quarter. Legacy CG LLC now owns 55,645 shares of the e-commerce giant's stock worth $8,455,000 after buying an additional 4,217 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 2,700 shares of the firm's stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $21,726,894.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,106,726 shares of company stock valued at $1,221,095,028. 10.80% of the stock is owned by insiders.

Amazon.com Stock Up 0.7 %

AMZN stock traded up $1.16 during trading on Monday, hitting $178.22. 31,094,587 shares of the stock traded hands, compared to its average volume of 43,326,656. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The firm's 50 day moving average is $184.37 and its two-hundred day moving average is $180.84. The stock has a market cap of $1.85 trillion, a price-to-earnings ratio of 49.92, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AMZN shares. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an "outperform" rating in a research note on Monday, July 22nd. Bank of America lowered their price objective on shares of Amazon.com from $220.00 to $210.00 and set a "buy" rating for the company in a report on Friday, August 2nd. JMP Securities restated a "market outperform" rating and issued a $225.00 price objective on shares of Amazon.com in a report on Wednesday, July 31st. Oppenheimer boosted their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the stock an "outperform" rating in a report on Wednesday, May 1st. Finally, TD Securities boosted their price objective on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. One analyst has rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $221.69.

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.