Alecta Tjanstepension Omsesidigt Sells 1,100,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Alecta Tjanstepension Omsesidigt reduced its position in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 11.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,448,000 shares of the e-commerce giant’s stock after selling 1,100,000 shares during the quarter. Amazon.com comprises about 8.0% of Alecta Tjanstepension Omsesidigt’s holdings, making the stock its 3rd largest position. Alecta Tjanstepension Omsesidigt owned approximately 0.08% of Amazon.com worth $1,283,589,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMZN. Bridgefront Capital LLC acquired a new position in shares of Amazon.com during the 1st quarter worth $228,000. Krane Funds Advisors LLC grew its stake in shares of Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares during the period. Range Financial Group LLC acquired a new position in shares of Amazon.com during the 1st quarter worth $258,000. My Personal CFO LLC acquired a new position in shares of Amazon.com during the 1st quarter worth $261,000. Finally, Worth Asset Management LLC acquired a new position in shares of Amazon.com during the 1st quarter worth $191,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Down 0.2 %

NASDAQ AMZN opened at $180.69 on Wednesday. Amazon.com, Inc. has a one year low of $97.71 and a one year high of $183.00. The company’s 50 day moving average price is $171.85 and its 200 day moving average price is $152.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 62.31, a PEG ratio of 1.57 and a beta of 1.17.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMZN. Monness Crespi & Hardt upped their price target on shares of Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Evercore ISI upped their price target on shares of Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Piper Sandler boosted their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, UBS Group boosted their price objective on shares of Amazon.com from $180.00 to $198.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $198.09.

Get Our Latest Stock Analysis on Amazon.com

Insider Activity

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold 32,210,510 shares of company stock worth $5,505,223,106 over the last 90 days. Company insiders own 12.70% of the company’s stock.

Amazon.com Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

Further Reading

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.