Amazon.com, Inc. $AMZN Shares Sold by Alecta Tjanstepension Omsesidigt

Alecta Tjanstepension Omsesidigt lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,992,300 shares of the e-commerce giant's stock after selling 81,200 shares during the quarter. Amazon.com comprises about 5.0% of Alecta Tjanstepension Omsesidigt's holdings, making the stock its 4th largest position. Alecta Tjanstepension Omsesidigt's holdings in Amazon.com were worth $1,189,066,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Gryphon Financial Partners LLC increased its stake in Amazon.com by 7.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock worth $15,221,000 after buying an additional 5,125 shares during the period. First Citizens Bank & Trust Co. boosted its position in Amazon.com by 1.7% in the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock valued at $63,285,000 after buying an additional 5,104 shares during the last quarter. Narwhal Capital Management boosted its position in Amazon.com by 2.3% in the 4th quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant's stock valued at $49,997,000 after buying an additional 4,854 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Amazon.com by 21.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant's stock valued at $5,690,463,000 after acquiring an additional 4,275,942 shares in the last quarter. Finally, Blue Chip Partners LLC grew its stake in shares of Amazon.com by 1.8% during the first quarter. Blue Chip Partners LLC now owns 147,461 shares of the e-commerce giant's stock valued at $30,712,000 after acquiring an additional 2,583 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Down 1.9%

NASDAQ:AMZN opened at $254.92 on Wednesday. The company has a market cap of $2.75 trillion, a PE ratio of 20.51, a P/E/G ratio of 2.00 and a beta of 1.44. The business's 50 day moving average is $252.57 and its two-hundred day moving average is $241.40. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business's quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 EPS. On average, analysts predict that Amazon.com, Inc. will post 8.05 EPS for the current year.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: AWS and AI expansion remain key catalysts. Amazon’s planned $5.3 billion investment in a Saudi Arabia cloud region, expanded access to OpenAI, Meta, and Anthropic models through AWS GovCloud, and a deeper partnership with Nvidia—including two million additional GPUs—could strengthen AWS’s position in government and enterprise AI. AMZN’s Saudi Arabia investment
• Positive Sentiment: New commerce initiatives could broaden monetization. YouTube’s integration of Amazon products into its Shopping Affiliate Program may increase product discovery and sales, while Alexa’s personalized shopping alerts and Amazon Pharmacy’s Solv integration could improve customer engagement and conversion. YouTube Amazon partnership
• Positive Sentiment: Analysts remain constructive. Citi reiterated a Buy rating and a $350 price target despite the legal risks, while recent results showed $200.6 billion in revenue and substantially stronger-than-expected earnings, with AWS revenue reportedly growing 36.7% year over year. Analyst reiterates Amazon Buy rating
• Neutral Sentiment: Zoox is expanding its robotaxi efforts. Amazon’s autonomous-vehicle unit plans testing in Houston and San Diego, but the initiative is still early-stage and has limited near-term earnings impact. Zoox and Waymo robotaxi expansion
• Negative Sentiment: The FTC lawsuit is driving the immediate pressure. The FTC and 22 states allege Amazon manipulated advertising auctions and overcharged approximately 1.2 million advertisers by more than $20 billion. Potential penalties, refunds, operational changes, and limits on ad-pricing practices threaten a rapidly growing, high-margin business. Amazon denies the allegations. FTC lawsuit against Amazon
• Negative Sentiment: AI spending and shareholder concerns remain overhangs. Investors are weighing the capital required for Amazon’s AI infrastructure against future returns, while reports of an institutional investor trimming its stake add near-term selling pressure.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 6,362 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the sale, the chief executive officer owned 476,681 shares in the company, valued at $123,465,145.81. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the sale, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 70,589 shares of company stock valued at $18,314,015 over the last quarter. Insiders own 8.90% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Amazon.com in a research note on Monday, August 3rd. Morgan Stanley restated an "overweight" rating and set a $335.00 price objective (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Wolfe Research restated an "outperform" rating and set a $315.00 price objective on shares of Amazon.com in a report on Friday, July 31st. TD Cowen reaffirmed a "buy" rating and issued a $350.00 target price (up from $340.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Raymond James Financial reiterated an "outperform" rating and set a $390.00 target price (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $323.09.

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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