Amazon.com, Inc. (AMZN) Shares Sold by Handelsbanken Fonder AB
Handelsbanken Fonder AB cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 17.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,000 shares of the e-commerce giant’s stock after selling 7,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Amazon.com were worth $33,880,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. OLD Second National Bank of Aurora raised its stake in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 shares during the last quarter. Lipe & Dalton purchased a new stake in Amazon.com in the first quarter valued at about $124,000. Arcadia Investment Management Corp MI raised its stake in Amazon.com by 43.7% in the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after buying an additional 52 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in Amazon.com in the first quarter valued at about $180,000. Finally, Tompkins Financial Corp raised its stake in Amazon.com by 94.4% in the first quarter. Tompkins Financial Corp now owns 315 shares of the e-commerce giant’s stock valued at $187,000 after buying an additional 153 shares during the last quarter. Institutional investors own 60.80% of the company’s stock.
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AMZN has been the subject of a number of research analyst reports. J P Morgan Chase & Co reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, July 28th. Vetr upgraded Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 price target for the company in a research note on Monday, July 3rd. Citigroup Inc. reiterated a “buy” rating and issued a $1,200.00 price target (down from $1,220.00) on shares of Amazon.com in a research note on Sunday, July 30th. BidaskClub cut Amazon.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,150.00 price target on shares of Amazon.com in a research note on Monday, June 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $1,094.66.
Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.55% during mid-day trading on Friday, hitting $986.79. The stock had a trading volume of 3,760,183 shares. The firm has a market cap of $474.03 billion, a PE ratio of 250.96 and a beta of 1.47. The company has a 50-day moving average of $975.62 and a 200-day moving average of $949.38. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($1.00). The firm had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted $1.78 earnings per share. Analysts expect that Amazon.com, Inc. will post $3.89 earnings per share for the current year.
In related news, insider Brian T. Olsavsky sold 2,334 shares of Amazon.com stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $988.90, for a total value of $2,308,092.60. Following the completion of the transaction, the insider now directly owns 1,748 shares in the company, valued at $1,728,597.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,552,000. The disclosure for this sale can be found here. Insiders sold 9,793 shares of company stock valued at $9,574,377 over the last quarter. Insiders own 17.70% of the company’s stock.
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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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