Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Swedbank AB

Swedbank AB raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,449,999 shares of the e-commerce giant's stock after acquiring an additional 1,114,173 shares during the quarter. Amazon.com accounts for about 3.9% of Swedbank AB's portfolio, making the stock its 5th biggest holding. Swedbank AB owned 0.14% of Amazon.com worth $3,170,185,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Accordant Advisory Group Inc lifted its stake in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares in the last quarter. Hoese & Co LLP purchased a new stake in Amazon.com during the third quarter valued at about $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com during the third quarter valued at about $45,000. Values First Advisors Inc. purchased a new stake in Amazon.com during the third quarter valued at about $56,000. Finally, IFS Advisors LLC lifted its stake in Amazon.com by 1,625.0% during the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant's stock valued at $76,000 after buying an additional 325 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm's 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 in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares of the company's stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,852 shares of company stock valued at $9,324,151. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Scotiabank upped their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. Stifel Nicolaus upped their price objective on shares of Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, February 7th. The Goldman Sachs Group upped their target price on Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, February 7th. BMO Capital Markets reiterated an "outperform" rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Piper Sandler reiterated an "overweight" rating and issued a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $260.74.

Amazon.com Stock Performance

Shares of AMZN traded down $7.20 during mid-day trading on Friday, hitting $215.68. The company's stock had a trading volume of 30,903,926 shares, compared to its average volume of 34,639,660. The firm has a market capitalization of $2.29 trillion, a PE ratio of 39.01, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock's 50-day moving average is $228.10 and its two-hundred day moving average is $203.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating 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, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.