Nordea Investment Management AB Buys 1,747,107 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Nordea Investment Management AB increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,861,850 shares of the e-commerce giant's stock after acquiring an additional 1,747,107 shares during the quarter. Amazon.com comprises 2.5% of Nordea Investment Management AB's holdings, making the stock its 5th biggest position. Nordea Investment Management AB owned 0.10% of Amazon.com worth $2,405,248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Helios Capital Management PTE. Ltd. increased its holdings in shares of Amazon.com by 15.1% during the second quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant's stock valued at $7,827,000 after acquiring an additional 5,300 shares in the last quarter. Avion Wealth raised its holdings in shares of Amazon.com by 22.2% in the second quarter. Avion Wealth now owns 5,544 shares of the e-commerce giant's stock worth $1,071,000 after buying an additional 1,007 shares during the last quarter. Durante & Waters LLC lifted its stake in shares of Amazon.com by 2.6% during the second quarter. Durante & Waters LLC now owns 7,051 shares of the e-commerce giant's stock worth $1,363,000 after buying an additional 180 shares during the period. 1900 Wealth Management LLC grew its holdings in shares of Amazon.com by 0.5% during the second quarter. 1900 Wealth Management LLC now owns 21,982 shares of the e-commerce giant's stock valued at $4,248,000 after buying an additional 101 shares during the last quarter. Finally, Ballast Advisors LLC increased its position in shares of Amazon.com by 1.0% in the 2nd quarter. Ballast Advisors LLC now owns 20,681 shares of the e-commerce giant's stock valued at $3,997,000 after acquiring an additional 197 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 2.4 %

Shares of NASDAQ AMZN traded up $5.28 during trading on Friday, hitting $225.94. 42,097,354 shares of the company were exchanged, compared to its average volume of 27,997,364. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $233.00. The firm has a market capitalization of $2.38 trillion, a PE ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14. The company has a fifty day moving average price of $217.91 and a 200-day moving average price of $196.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business's revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 5.38 EPS for the current year.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the transaction, the insider now owns 914,420,614 shares of the company's stock, valued at $189,056,461,944.50. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. DA Davidson reaffirmed a "buy" rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. The Goldman Sachs Group lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Scotiabank increased their price target on shares of Amazon.com from $245.00 to $246.00 and gave the stock a "sector outperform" rating in a report on Friday, November 1st. Piper Sandler lifted 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, Monness Crespi & Hardt increased their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $245.65.

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.