Amazon.com, Inc. (AMZN) is Xact Kapitalforvaltning AB’s 4th Largest Position

Xact Kapitalforvaltning AB raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,360 shares of the e-commerce giant’s stock after buying an additional 2,550 shares during the period. Amazon.com accounts for about 1.8% of Xact Kapitalforvaltning AB’s holdings, making the stock its 4th largest position. Xact Kapitalforvaltning AB’s holdings in Amazon.com were worth $57,944,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMZN. Stillwater Capital Advisors LLC increased its stake in Amazon.com by 0.4% in the first quarter. Stillwater Capital Advisors LLC now owns 526 shares of the e-commerce giant’s stock valued at $466,000 after buying an additional 2 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its position in shares of Amazon.com by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $256,000 after buying an additional 2 shares during the last quarter. Round Table Services LLC boosted its position in shares of Amazon.com by 0.3% in the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock valued at $621,000 after buying an additional 2 shares during the last quarter. Naples Global Advisors LLC boosted its position in shares of Amazon.com by 0.3% in the first quarter. Naples Global Advisors LLC now owns 1,078 shares of the e-commerce giant’s stock valued at $956,000 after buying an additional 3 shares during the last quarter. Finally, Beaumont Financial Partners LLC boosted its position in shares of Amazon.com by 0.6% in the first quarter. Beaumont Financial Partners LLC now owns 545 shares of the e-commerce giant’s stock valued at $483,000 after buying an additional 3 shares during the last quarter. Institutional investors own 61.90% of the company’s stock.

Amazon.com, Inc. (NASDAQ:AMZN) opened at 958.47 on Friday. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,083.31. The company has a market cap of $460.43 billion, a PE ratio of 243.76 and a beta of 1.48. The firm has a 50-day moving average of $995.90 and a 200-day moving average of $931.08.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. During the same quarter last year, the firm posted $1.78 earnings per share. Amazon.com’s revenue was up 24.8% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post $3.83 EPS for the current year.

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AMZN has been the topic of several research reports. Wedbush reissued an “outperform” rating and issued a $1,250.00 target price (up from $900.00) on shares of Amazon.com in a research report on Monday, April 24th. Nomura reissued a “buy” rating and issued a $975.00 target price on shares of Amazon.com in a research report on Monday, April 24th. Instinet lifted their price objective on Amazon.com from $925.00 to $975.00 and gave the company a “buy” rating in a research report on Monday, April 24th. Stifel Nicolaus reaffirmed a “buy” rating and set a $1,025.00 price objective on shares of Amazon.com in a research report on Monday, April 24th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $1,050.00 price objective on shares of Amazon.com in a research report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-four have issued a buy rating and two have given a strong buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus price target of $1,078.80.

In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total value of $536,666.88. Following the transaction, the vice president now directly owns 6,533 shares in the company, valued at $6,444,935.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $9,697,300. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,463 shares of company stock worth $16,299,266. 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.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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