Swiss National Bank Has $2.31 Billion Holdings in Amazon.com, Inc. (AMZN)

Swiss National Bank raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,360,541 shares of the e-commerce giant’s stock after acquiring an additional 46,400 shares during the period. Amazon.com accounts for approximately 2.6% of Swiss National Bank’s holdings, making the stock its 3rd biggest position. Swiss National Bank’s holdings in Amazon.com were worth $2,312,648,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Guidant Wealth Advisors increased its holdings in shares of Amazon.com by 657.4% in the second quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after buying an additional 355 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new position in shares of Amazon.com in the first quarter valued at $145,000. Braun Bostich & Associates Inc. bought a new position in shares of Amazon.com in the first quarter valued at $174,000. Legacy Advisors LLC increased its holdings in shares of Amazon.com by 47.1% in the second quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock valued at $175,000 after buying an additional 33 shares in the last quarter. Finally, JJJ Advisors Inc. bought a new position in shares of Amazon.com in the second quarter valued at $175,000. 55.64% of the stock is currently owned by institutional investors.

Amazon.com stock opened at $1,668.40 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 1.08. Amazon.com, Inc. has a 12 month low of $1,124.74 and a 12 month high of $2,050.50. The firm has a market cap of $815.80 billion, a PE ratio of 366.68, a P/E/G ratio of 3.17 and a beta of 1.70.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating the consensus estimate of $3.29 by $2.46. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. The business had revenue of $56.58 billion for the quarter, compared to analysts’ expectations of $57.05 billion. As a group, equities analysts expect that Amazon.com, Inc. will post 19.49 earnings per share for the current fiscal year.

In related news, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $1,981.72, for a total value of $3,963,440.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $19,817,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 1,230 shares of Amazon.com stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $1,506.94, for a total transaction of $1,853,536.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,842 shares of company stock worth $42,513,241. 16.30% of the stock is currently owned by corporate insiders.

Several research analysts have issued reports on AMZN shares. Oppenheimer reaffirmed a “buy” rating and issued a $2,020.00 price target (down previously from $2,130.00) on shares of Amazon.com in a report on Monday, October 29th. Credit Suisse Group lifted their price objective on shares of Amazon.com from $2,100.00 to $2,400.00 and gave the stock an “outperform” rating in a research report on Monday, October 22nd. Wells Fargo & Co reiterated a “buy” rating and set a $2,300.00 price objective on shares of Amazon.com in a research report on Monday, October 1st. SunTrust Banks lifted their price objective on shares of Amazon.com to $2,250.00 and gave the stock a “buy” rating in a research report on Friday, October 26th. Finally, Deutsche Bank reiterated a “buy” rating on shares of Amazon.com in a research report on Tuesday, October 23rd. Three analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $2,096.01.

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About Amazon.com

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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

Further Reading: The Role of a Fiduciary and Individual Investors

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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