Handelsbanken Fonder AB Buys 127,360 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Handelsbanken Fonder AB increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 93.9% during the second quarter, Holdings Channel.com reports. The firm owned 263,000 shares of the e-commerce giant’s stock after acquiring an additional 127,360 shares during the quarter. Handelsbanken Fonder AB’s holdings in Amazon.com were worth $27,933,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Mn Services Vermogensbeheer B.V. raised its position in Amazon.com by 2,085.2% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 1,523,100 shares of the e-commerce giant’s stock worth $161,768,000 after purchasing an additional 1,453,400 shares during the period. First Business Financial Services Inc. raised its position in Amazon.com by 2,155.3% in the 2nd quarter. First Business Financial Services Inc. now owns 15,900 shares of the e-commerce giant’s stock worth $1,689,000 after purchasing an additional 15,195 shares during the period. Hardman Johnston Global Advisors LLC raised its position in Amazon.com by 1,905.0% in the 2nd quarter. Hardman Johnston Global Advisors LLC now owns 157,110 shares of the e-commerce giant’s stock worth $16,687,000 after purchasing an additional 149,274 shares during the period. Financial Advisory Service Inc. raised its position in Amazon.com by 2,282.0% in the 2nd quarter. Financial Advisory Service Inc. now owns 51,237 shares of the e-commerce giant’s stock worth $5,442,000 after purchasing an additional 49,086 shares during the period. Finally, Trail Ridge Investment Advisors LLC raised its position in Amazon.com by 1,927.9% in the 2nd quarter. Trail Ridge Investment Advisors LLC now owns 24,740 shares of the e-commerce giant’s stock worth $2,628,000 after purchasing an additional 23,520 shares during the period. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Amazon.com Stock Down 0.7 %

AMZN opened at $94.14 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average price of $110.68 and a 200-day moving average price of $117.14. Amazon.com, Inc. has a twelve month low of $85.87 and a twelve month high of $188.11. The stock has a market capitalization of $960.38 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 7.53 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. During the same period in the previous year, the company earned $0.31 earnings per share. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 0.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on AMZN. Benchmark decreased their target price on shares of Amazon.com from $160.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Atlantic Securities decreased their price objective on shares of Amazon.com from $160.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Itaú Unibanco initiated coverage on shares of Amazon.com in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price objective on the stock. Monness Crespi & Hardt decreased their price objective on shares of Amazon.com from $172.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Amazon.com from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.89.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the sale, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at $11,505,090. The disclosure for this sale can be found here. Insiders sold 305,420 shares of company stock valued at $12,769,879 over the last three months. Insiders own 12.70% of the company’s stock.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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