Alecta Tjanstepension Omsesidigt Sells 473,600 Shares of Amazon.com, Inc. $AMZN

Key Points

• Alecta Tjanstepension Omsesidigt has decreased its stake in Amazon.com, Inc. by 8.4%, selling 473,600 shares during the second quarter, leaving them with 5,185,100 shares, valued at approximately $1.14 billion.
• Amazon.com has received multiple analyst ratings, with a consensus target price of $264.04 and a majority of analysts rating the stock as "Buy."
• Insiders, including founder Jeff Bezos, have sold significant amounts of Amazon stock recently, with over 25 million shares sold worth around $5.68 billion in the last ninety days.

Alecta Tjanstepension Omsesidigt reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,185,100 shares of the e-commerce giant's stock after selling 473,600 shares during the quarter. Amazon.com accounts for approximately 5.3% of Alecta Tjanstepension Omsesidigt's portfolio, making the stock its 3rd largest holding. Alecta Tjanstepension Omsesidigt's holdings in Amazon.com were worth $1,137,404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Secure Asset Management LLC grew its position in Amazon.com by 9.5% during the second quarter. Secure Asset Management LLC now owns 26,552 shares of the e-commerce giant's stock worth $5,825,000 after buying an additional 2,303 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA grew its position in Amazon.com by 1.3% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 15,914 shares of the e-commerce giant's stock worth $3,491,000 after buying an additional 198 shares during the period. Stonekeep Investments LLC grew its position in Amazon.com by 0.4% during the second quarter. Stonekeep Investments LLC now owns 13,811 shares of the e-commerce giant's stock worth $3,030,000 after buying an additional 54 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Amazon.com by 5.4% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,509,414 shares of the e-commerce giant's stock valued at $331,150,000 after purchasing an additional 77,842 shares during the last quarter. Finally, Brooklyn FI LLC grew its position in shares of Amazon.com by 18.0% in the second quarter. Brooklyn FI LLC now owns 2,351 shares of the e-commerce giant's stock valued at $516,000 after purchasing an additional 359 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on AMZN. Wedbush reiterated an "outperform" rating and issued a $250.00 price target on shares of Amazon.com in a research report on Friday, September 19th. Oppenheimer lowered their price target on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 price target on shares of Amazon.com in a research report on Wednesday. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Finally, BMO Capital Markets increased their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $264.04.

Amazon.com Stock Performance

Shares of AMZN stock opened at $220.21 on Thursday. The company's fifty day simple moving average is $227.68 and its 200-day simple moving average is $209.83. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.35 trillion, a PE ratio of 33.57, a P/E/G ratio of 1.47 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 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 business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter last year, the firm posted $1.26 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is owned by company insiders.

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.

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