Xact Kapitalforvaltning AB raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,360 shares of the e-commerce giant’s stock after buying an additional 2,550 shares during the period. Amazon.com makes up 1.8% of Xact Kapitalforvaltning AB’s portfolio, making the stock its 4th largest position. Xact Kapitalforvaltning AB’s holdings in Amazon.com were worth $57,944,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Bridgeworth LLC acquired a new stake in Amazon.com during the fourth quarter valued at approximately $390,000. Cigna Investments Inc. New acquired a new stake in Amazon.com during the fourth quarter valued at approximately $11,707,000. Stockbridge Partners LLC increased its stake in Amazon.com by 108.2% in the fourth quarter. Stockbridge Partners LLC now owns 119,881 shares of the e-commerce giant’s stock valued at $89,895,000 after buying an additional 62,312 shares during the period. Hengehold Capital Management LLC increased its stake in Amazon.com by 3.5% in the first quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock valued at $340,000 after buying an additional 13 shares during the period. Finally, Boston Advisors LLC increased its stake in Amazon.com by 11.8% in the first quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock valued at $84,277,000 after buying an additional 10,014 shares during the period. 62.17% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com, Inc. (NASDAQ AMZN) traded up 1.16% during mid-day trading on Friday, reaching $967.99. 3,464,891 shares of the company were exchanged. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31. The company has a market cap of $465.00 billion, a P/E ratio of 246.18 and a beta of 1.48. The stock’s 50-day moving average is $999.07 and its 200-day moving average is $925.01.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. During the same period last year, the business earned $1.78 earnings per share. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post $3.83 earnings per share for the current year.
A number of analysts recently issued reports on AMZN shares. Instinet lowered their price target on shares of Amazon.com from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Friday, June 16th. Loop Capital reissued a “buy” rating on shares of Amazon.com in a report on Thursday, June 8th. Vetr downgraded shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 price target on the stock. in a report on Tuesday, July 18th. Cantor Fitzgerald reissued a “buy” rating and set a $970.00 price target on shares of Amazon.com in a report on Friday, April 28th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and a consensus target price of $1,065.61.
In related news, CEO Jeffrey A. Wilke sold 2,670 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $1,010.64, for a total value of $2,698,408.80. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $10,106,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total value of $3,878,920.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,697,300. The disclosure for this sale can be found here. Insiders sold a total of 10,890 shares of company stock worth $10,800,023 over the last three months. 17.70% of the stock is owned by company insiders.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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