Handelsbanken Fonder AB Has $420.82 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Handelsbanken Fonder AB lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 160.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 152,537 shares of the e-commerce giant’s stock after purchasing an additional 93,982 shares during the quarter. Amazon.com comprises about 3.5% of Handelsbanken Fonder AB’s holdings, making the stock its 3rd biggest holding. Handelsbanken Fonder AB’s holdings in Amazon.com were worth $420,822,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMZN. Woodstock Corp boosted its holdings in shares of Amazon.com by 2.2% in the 2nd quarter. Woodstock Corp now owns 182 shares of the e-commerce giant’s stock worth $502,000 after purchasing an additional 4 shares in the last quarter. RVW Wealth LLC lifted its stake in shares of Amazon.com by 0.9% in the 2nd quarter. RVW Wealth LLC now owns 465 shares of the e-commerce giant’s stock valued at $1,283,000 after acquiring an additional 4 shares during the last quarter. Indiana Trust & Investment Management CO lifted its stake in shares of Amazon.com by 1.0% in the 2nd quarter. Indiana Trust & Investment Management CO now owns 390 shares of the e-commerce giant’s stock valued at $1,076,000 after acquiring an additional 4 shares during the last quarter. Peterson Wealth Advisors LLC lifted its stake in shares of Amazon.com by 1.7% in the 2nd quarter. Peterson Wealth Advisors LLC now owns 243 shares of the e-commerce giant’s stock valued at $670,000 after acquiring an additional 4 shares during the last quarter. Finally, Wambolt & Associates LLC raised its position in Amazon.com by 1.9% during the 2nd quarter. Wambolt & Associates LLC now owns 214 shares of the e-commerce giant’s stock valued at $590,000 after purchasing an additional 4 shares during the last quarter. 57.32% of the stock is owned by institutional investors and hedge funds.

In related news, VP Shelley Reynolds sold 292 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $3,173.12, for a total value of $926,551.04. Following the transaction, the vice president now directly owns 6,281 shares of the company’s stock, valued at approximately $19,930,366.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 750 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $3,304.28, for a total value of $2,478,210.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $33,042,800. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,815 shares of company stock worth $324,095,003. Company insiders own 16.10% of the company’s stock.

A number of research analysts have commented on AMZN shares. DA Davidson upped their price target on Amazon.com from $2,625.00 to $3,800.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Mizuho upped their price target on Amazon.com from $3,450.00 to $3,700.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Wednesday, September 9th. Raymond James upped their price target on Amazon.com from $2,525.00 to $3,500.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, BidaskClub lowered Amazon.com from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-seven have issued a buy rating to the stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $3,291.50.

AMZN stock opened at $2,954.91 on Friday. The company has a market cap of $1,480.08 billion, a P/E ratio of 113.61, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,552.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 0.97. The stock’s fifty day moving average price is $3,234.05 and its 200-day moving average price is $2,620.66.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $8.56. The firm had revenue of $88.91 billion for the quarter, compared to the consensus estimate of $81.56 billion. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. As a group, analysts expect that Amazon.com, Inc. will post 31.92 earnings per share for the current year.

Amazon.com Profile

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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

See Also: What are the disadvantages of after-hours trading?

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

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.