Andra AP fonden Has $10.07 Million Stake in Amazon.com, Inc. (AMZN)

Andra AP fonden lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,400 shares of the e-commerce giant’s stock after selling 1,700 shares during the period. Andra AP fonden’s holdings in Amazon.com were worth $10,067,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Harbour Capital Advisors LLC grew its position in Amazon.com by 100,947.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after acquiring an additional 2,300,593 shares during the last quarter. State Street Corp grew its position in shares of Amazon.com by 1.1% during the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after buying an additional 186,756 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Amazon.com during the 1st quarter worth $157,189,000. Canada Pension Plan Investment Board grew its position in shares of Amazon.com by 75.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 277,830 shares of the e-commerce giant’s stock worth $268,939,000 after buying an additional 119,800 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Amazon.com by 16.1% during the second quarter. Prudential Financial Inc. now owns 807,885 shares of the e-commerce giant’s stock valued at $782,032,000 after purchasing an additional 112,005 shares in the last quarter. Institutional investors own 59.79% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up $10.78 during trading on Wednesday, reaching $1,152.35. The company had a trading volume of 2,844,038 shares, compared to its average volume of 3,583,288. Amazon.com, Inc. has a 52-week low of $747.70 and a 52-week high of $1,213.41. The stock has a market capitalization of $546,418.94, a P/E ratio of 287.80, a price-to-earnings-growth ratio of 14.21 and a beta of 1.47. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. Amazon.com’s revenue for the quarter was up 33.7% compared to the same quarter last year. equities analysts predict that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.

A number of research firms have commented on AMZN. Wells Fargo & Company reiterated a “buy” rating on shares of Amazon.com in a research note on Monday. Goldman Sachs Group reiterated a “conviction-buy” rating and issued a $1,275.00 price target on shares of Amazon.com in a research note on Wednesday, August 9th. Cowen reiterated an “outperform” rating and issued a $1,125.00 price target on shares of Amazon.com in a research note on Thursday, August 10th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $1,200.00 price target on shares of Amazon.com in a research note on Thursday, August 10th. Finally, JMP Securities restated a “buy” rating on shares of Amazon.com in a research note on Friday, December 1st. Four analysts have rated the stock with a hold rating and fifty have given a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus target price of $1,210.68.

In other Amazon.com news, Director Tom A. Alberg sold 835 shares of Amazon.com stock in a transaction on Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the sale, the director now owns 17,114 shares in the company, valued at $20,583,692.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tom A. Alberg sold 870 shares of Amazon.com stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $1,150.00, for a total value of $1,000,500.00. Following the completion of the sale, the director now owns 17,949 shares in the company, valued at approximately $20,641,350. The disclosure for this sale can be found here. Insiders sold 399,538 shares of company stock worth $441,142,749 in the last 90 days. Company insiders own 17.00% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Andra AP fonden Has $10.07 Million Stake in Amazon.com, Inc. (AMZN)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://ledgergazette.com/2017/12/07/amazon-com-inc-amzn-position-reduced-by-andra-ap-fonden.html.

Amazon.com 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.

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

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

Leave a Reply