Amazon.com, Inc. $AMZN Shares Acquired by Swedbank AB

Swedbank AB increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,248,047 shares of the e-commerce giant’s stock after acquiring an additional 915,363 shares during the quarter. Amazon.com makes up approximately 3.6% of Swedbank AB’s holdings, making the stock its 5th biggest holding. Swedbank AB owned approximately 0.15% of Amazon.com worth $3,567,584,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AMZN. Wilson Asset Management International PTY Ltd. purchased a new stake in Amazon.com in the second quarter valued at approximately $11,102,000. ARK Investment Management LLC grew its stake in shares of Amazon.com by 8.3% during the 2nd quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock valued at $250,213,000 after buying an additional 86,978 shares during the period. Buckhead Capital Management LLC increased its holdings in shares of Amazon.com by 16.1% during the 2nd quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock worth $6,232,000 after buying an additional 3,948 shares during the last quarter. Flaharty Asset Management LLC increased its holdings in shares of Amazon.com by 87.7% during the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after buying an additional 2,377 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd raised its position in shares of Amazon.com by 6.0% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after buying an additional 63,924 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Zacks Research raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, December 8th. Maxim Group increased their target price on shares of Amazon.com from $272.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Truist Financial set a $290.00 price target on shares of Amazon.com in a research report on Friday, October 31st. Finally, Piper Sandler reiterated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $295.50.

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Amazon.com Price Performance

Shares of AMZN stock opened at $232.53 on Wednesday. The firm has a fifty day simple moving average of $231.61 and a 200-day simple moving average of $226.55. The company has a market capitalization of $2.49 trillion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 8,173 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $250.03, for a total transaction of $2,043,495.19. Following the completion of the transaction, the director directly owned 80,030 shares in the company, valued at approximately $20,009,900.90. This represents a 9.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the sale, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. The trade was a 4.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 79,734 shares of company stock valued at $18,534,017 in the last three months. 10.80% of the stock is currently owned by company insiders.

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Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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

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