Xact Kapitalforvaltning AB Sells 785 Shares of Amazon.com, Inc. (AMZN)
Xact Kapitalforvaltning AB trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,367 shares of the e-commerce giant’s stock after selling 785 shares during the period. Amazon.com comprises approximately 2.9% of Xact Kapitalforvaltning AB’s portfolio, making the stock its 3rd largest position. Xact Kapitalforvaltning AB’s holdings in Amazon.com were worth $113,199,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Handelsbanken Fonder AB boosted its position in Amazon.com by 9.5% during the fourth quarter. Handelsbanken Fonder AB now owns 45,672 shares of the e-commerce giant’s stock valued at $68,598,000 after buying an additional 3,972 shares during the period. Ford Financial Group Inc. boosted its holdings in shares of Amazon.com by 105.9% during the fourth quarter. Ford Financial Group Inc. now owns 383 shares of the e-commerce giant’s stock worth $575,000 after purchasing an additional 197 shares during the period. Questar Asset Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth about $721,000. HCR Wealth Advisors boosted its holdings in shares of Amazon.com by 0.8% during the fourth quarter. HCR Wealth Advisors now owns 1,785 shares of the e-commerce giant’s stock worth $2,681,000 after purchasing an additional 15 shares during the period. Finally, Wedbush Securities Inc. boosted its holdings in shares of Amazon.com by 14.5% during the fourth quarter. Wedbush Securities Inc. now owns 11,322 shares of the e-commerce giant’s stock worth $17,005,000 after purchasing an additional 1,430 shares during the period. Institutional investors and hedge funds own 55.33% of the company’s stock.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $1,934.42, for a total transaction of $4,836,050.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $19,344,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Indra K. Nooyi sold 58 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $1,701.56, for a total transaction of $98,690.48. Following the sale, the director now owns 150 shares in the company, valued at approximately $255,234. The disclosure for this sale can be found here. Insiders have sold 12,990 shares of company stock valued at $24,295,428 in the last ninety days. Insiders own 16.10% of the company’s stock.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.61 by $2.48. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The business had revenue of $59.70 billion during the quarter, compared to the consensus estimate of $59.73 billion. During the same quarter last year, the firm earned $3.27 earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 26.59 EPS for the current year.
A number of research firms have recently weighed in on AMZN. Goldman Sachs Group reiterated a “buy” rating and set a $2,400.00 target price (up from $2,100.00) on shares of Amazon.com in a report on Friday, April 26th. Citigroup reiterated an “in-line” rating and set a $2,000.00 target price on shares of Amazon.com in a report on Friday, February 1st. CIBC increased their target price on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Aegis reiterated a “buy” rating and set a $2,250.00 target price (up from $2,225.00) on shares of Amazon.com in a report on Friday, April 26th. Finally, Zacks Investment Research lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, January 28th. Five analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and an average price target of $2,181.89.
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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.
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