Mandatum Life Insurance Co Ltd Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Mandatum Life Insurance Co Ltd grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,349 shares of the e-commerce giant’s stock after acquiring an additional 510 shares during the period. Amazon.com comprises approximately 1.3% of Mandatum Life Insurance Co Ltd’s holdings, making the stock its 19th biggest position. Mandatum Life Insurance Co Ltd’s holdings in Amazon.com were worth $3,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Game Plan Financial Advisors LLC lifted its holdings in Amazon.com by 5.2% in the second quarter. Game Plan Financial Advisors LLC now owns 35,648 shares of the e-commerce giant’s stock worth $6,889,000 after acquiring an additional 1,778 shares during the last quarter. Waterfront Wealth Inc. lifted its holdings in Amazon.com by 2.0% in the second quarter. Waterfront Wealth Inc. now owns 13,634 shares of the e-commerce giant’s stock worth $2,635,000 after purchasing an additional 272 shares during the period. D.A. Davidson & CO. raised its holdings in Amazon.com by 3.6% during the second quarter. D.A. Davidson & CO. now owns 639,067 shares of the e-commerce giant’s stock worth $123,500,000 after purchasing an additional 22,160 shares in the last quarter. Fielder Capital Group LLC boosted its stake in Amazon.com by 4.5% during the second quarter. Fielder Capital Group LLC now owns 4,880 shares of the e-commerce giant’s stock valued at $943,000 after buying an additional 211 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in shares of Amazon.com by 98.7% in the 2nd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 283,125 shares of the e-commerce giant’s stock worth $54,714,000 after purchasing an additional 140,645 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the transaction, the insider now owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,098,297 shares of company stock worth $1,219,443,957. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $187.97 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company has a 50 day moving average price of $178.92 and a 200-day moving average price of $182.68. The company has a market capitalization of $1.96 trillion, a PE ratio of 52.65, a P/E/G ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. Jefferies Financial Group dropped their price target on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. The Goldman Sachs Group cut their price target on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. TD Securities increased their target price on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. JMP Securities upped their price objective on shares of Amazon.com from $245.00 to $265.00 and gave the stock a “market outperform” rating in a report on Tuesday, September 3rd. Finally, Maxim Group raised their target price on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $222.84.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service 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.