Handelsbanken Fonder AB Sells 5,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on May 17th, 2023

Handelsbanken Fonder AB trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,600 shares of the e-commerce giant’s stock after selling 5,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Amazon.com were worth $19,790,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Amazon.com by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after acquiring an additional 12,456,995 shares in the last quarter. State Street Corp increased its stake in Amazon.com by 1.0% in the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after buying an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares during the last quarter. FMR LLC increased its stake in Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after buying an additional 270,931,640 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after buying an additional 90,167,792 shares during the last quarter. 57.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wedbush lifted their price target on shares of Amazon.com from $125.00 to $129.00 in a research note on Friday, April 28th. Barclays lowered their price objective on shares of Amazon.com from $150.00 to $140.00 in a research note on Friday, April 28th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price objective on shares of Amazon.com in a research note on Thursday, April 20th. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $106.00 to $111.00 in a research note on Friday, April 28th. Finally, Mizuho boosted their price objective on shares of Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.12.

Insider Transactions at Amazon.com

In other news, CFO Brian T. Olsavsky sold 16,760 shares of the stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $95.25, for a total transaction of $1,596,390.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $4,667,250. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the transaction, the chief executive officer now directly owns 137,300 shares of the company’s stock, valued at $13,959,291. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 16,760 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $95.25, for a total transaction of $1,596,390.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $4,667,250. The disclosure for this sale can be found here. Insiders sold a total of 50,259 shares of company stock worth $4,866,360 over the last three months. 12.70% of the stock is owned by company insiders.

Amazon.com Trading Up 2.0 %

Shares of NASDAQ AMZN opened at $113.40 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57. The firm has a 50 day moving average price of $102.17 and a two-hundred day moving average price of $96.66. The stock has a market cap of $1.16 trillion, a P/E ratio of 270.00, a price-to-earnings-growth ratio of 3.73 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. During the same period in the prior year, the company posted $0.21 earnings per share. Amazon.com’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 1.54 EPS for the current year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.