KLP Kapitalforvaltning AS Acquires 69,500 Shares of Amazon.com, Inc. $AMZN

Key Points

• KLP Kapitalforvaltning AS has increased its stake in Amazon.com, Inc. by 2.2%, now owning 3,250,600 shares valued at approximately $618 million.
• Amazon recently reported strong earnings for the quarter, with $1.68 per share, surpassing analyst expectations, and a revenue of $167.70 billion, a rise of 13.3% year-over-year.
• Insider Jeffrey P. Bezos sold over 4 million shares, totaling nearly $961 million, but still retains a significant ownership stake valued at over $201 billion.

KLP Kapitalforvaltning AS boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,250,600 shares of the e-commerce giant's stock after purchasing an additional 69,500 shares during the period. Amazon.com makes up approximately 3.0% of KLP Kapitalforvaltning AS's holdings, making the stock its 4th biggest position. KLP Kapitalforvaltning AS's holdings in Amazon.com were worth $618,459,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in Amazon.com during the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at approximately $40,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the 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 transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 25,012,284 shares of company stock worth $5,656,976,492. Corporate insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. Royal Bank Of Canada upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Citizens Jmp initiated coverage on shares of Amazon.com in a research report on Thursday, July 10th. They issued a "strong-buy" rating for the company. Jefferies Financial Group upped their price target on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Bank of America upped their price target on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Barclays upped their price target on shares of Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $262.87.

Amazon.com Stock Up 3.1%

Amazon.com stock traded up $6.89 during trading hours on Friday, hitting $228.84. The company had a trading volume of 37,264,095 shares, compared to its average volume of 46,830,960. The firm has a market capitalization of $2.44 trillion, a P/E ratio of 34.88, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm's fifty day moving average is $222.63 and its 200-day moving average is $208.26. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the business earned $1.26 EPS. The company'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. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Company 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.