Alberta Investment Management Corp Has $139.23 Million Position in Amazon.com, Inc. $AMZN

Key Points

• Alberta Investment Management Corp reduced its holdings in Amazon by 1.5%, selling 11,049 shares, and now owns 731,811 shares, valued at approximately $139 million.
• Insider Jeffrey P. Bezos sold over 4.2 million shares of Amazon for around $960 million, reducing his ownership by 0.47%.
• Amazon's stock has seen a recent decrease of 1.1%, with analysts maintaining a consensus "Buy" rating and a target price averaging $262.87.

Alberta Investment Management Corp cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 731,811 shares of the e-commerce giant's stock after selling 11,049 shares during the quarter. Amazon.com makes up 1.0% of Alberta Investment Management Corp's portfolio, making the stock its 16th biggest holding. Alberta Investment Management Corp's holdings in Amazon.com were worth $139,234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AMZN. GAMMA Investing LLC increased its stake in shares of Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after acquiring an additional 30,104,520 shares during the last quarter. Capital World Investors increased its position in Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Capital International Investors increased its position in Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after buying an additional 12,000,745 shares during the last quarter. Northern Trust Corp increased its position in Amazon.com by 14.0% during the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after buying an additional 11,926,749 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Amazon.com during the fourth quarter worth $2,037,963,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 25,095,411 shares of company stock valued at $5,675,473,849 in the last three months. Insiders own 10.80% of the company's stock.

Amazon.com Price Performance

AMZN traded down $0.54 during midday trading on Wednesday, reaching $224.80. 15,262,786 shares of the company's stock were exchanged, compared to its average volume of 43,779,773. The firm has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30. The business has a 50-day simple moving average of $224.91 and a two-hundred day simple moving average of $207.92. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AMZN shares. Monness Crespi & Hardt increased their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. HSBC increased their target price on shares of Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Canaccord Genuity Group restated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. BMO Capital Markets upped their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $262.87.

Amazon.com Profile

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.