Forsta AP Fonden increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.1% during the first quarter, according to the company’s most recent filing with the Securities and Exchange Commission. The fund owned 2,461,900 shares of the e-commerce giant after purchasing an additional 225,700 shares during the period. Amazon.com makes up about 3.7% of Forsta AP Fonden’s investment portfolio, making the stock its fourth-largest holding. Forsta AP Fonden’s holdings in Amazon.com were worth $444,078,000 at the end of the most recent quarter.

Several other institutional investors also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Amazon.com by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after purchasing an additional 13,134,632 shares in the last quarter. Norges Bank bought a new stake in Amazon.com in the 4th quarter worth $17,700,551,000. Jennison Associates LLC increased its stake in shares of Amazon.com by 0.5% in the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after buying an additional 295,132 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Amazon.com by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock worth $7,888,870,000 after buying an additional 1,525,922 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Amazon.com by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 42,241,587 shares of the e-commerce giant’s stock worth $6,418,187,000 after purchasing an additional 888,369 shares in the last quarter. 72.20% of the shares are currently in the hands of hedge funds and other institutional investors.

Amazon.com rises 1.5%

Shares of AMZN opened at $182.50 on Friday. Amazon.com, Inc. has a one-year low of $118.35 and a one-year high of $201.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock’s 50-day simple moving average is $187.27 and its 200-day simple moving average is $178.80. The company has a market cap of $1.90 trillion, a PE ratio of 51.12, a price-to-earnings growth ratio of 1.29 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. In the year-ago period, the company posted earnings per share of $0.31. The company’s quarterly revenue increased 12.5% ​​compared to the year-ago quarter. Research analysts predict that Amazon.com, Inc. will post 4.73 EPS for the current year.

Buy and sell Insider on Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the sale, the Director now directly owns 4,760 shares of the company’s stock, valued at $886,407.20. The sale was disclosed in a document filed with the SEC, available at this link . In other news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the sale, the Director now directly owns 4,760 shares of the company’s stock, valued at $886,407.20. The sale was disclosed in a document filed with the SEC, available at this link . Also, insider Jeffrey P. Bezos sold 266,396 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $200.01, for a total value of $53,281,863.96. Following the completion of the sale, the insider now owns 928,433,873 shares of the company’s stock, valued at $185,696,058,938.73. The disclosure for this sale can be found here. Insiders have sold a total of 6,112,990 shares of the company’s stock worth $1,222,250,048 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Wall Street analysts weigh in

A number of equities analysts have recently issued reports on the company. Maxim Group lowered their price target on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. TD Cowen increased their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Morgan Stanley increased their price target on Amazon.com from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Rosenblatt Securities reiterated a “buy” rating and gave a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, Evercore ISI raised their price target on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-two have given a buy rating, and one has given the stock a strong buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $220.04.

View our latest research report on Amazon.com

Amazon.com Profile

(Free Report)

Amazon.com, Inc. engages in the retailing of consumer products, advertising, and subscriptions 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.

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