Amazon.com, Inc. $AMZN Shares Sold by AMF Tjanstepension AB

Key Points

• AMF Tjanstepension AB trimmed its Amazon stake by 0.8%, selling 20,039 shares in the third quarter. It retained 2.45 million shares valued at about $609 million, representing 3.6% of its portfolio.
• Analysts remain broadly positive: Amazon has a “Moderate Buy” consensus rating and an average price target of $321.74, according to MarketBeat.
• Amazon’s latest quarter missed estimates, reporting EPS of $1.89 versus $1.97 expected and revenue of $201.94 billion versus $202.22 billion expected; revenue nevertheless rose 12.1% year over year.

AMF Tjanstepension AB lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,446,140 shares of the e-commerce giant's stock after selling 20,039 shares during the quarter. Amazon.com comprises approximately 3.6% of AMF Tjanstepension AB's investment portfolio, making the stock its 7th biggest holding. AMF Tjanstepension AB's holdings in Amazon.com were worth $609,456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. E. Ohman J or Asset Management AB raised its position in shares of Amazon.com by 1.6% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 828,960 shares of the e-commerce giant's stock valued at $206,535,000 after acquiring an additional 12,894 shares during the last quarter. Marion Wealth Management lifted its stake in shares of Amazon.com by 1.4% in the 3rd quarter. Marion Wealth Management now owns 17,559 shares of the e-commerce giant's stock valued at $4,375,000 after purchasing an additional 236 shares during the period. Smith Chas P & Associates PA Cpas boosted its position in shares of Amazon.com by 1.4% in the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 197,786 shares of the e-commerce giant's stock worth $49,446,000 after purchasing an additional 2,748 shares during the last quarter. Cypress Wealth Services LLC boosted its position in shares of Amazon.com by 1.6% in the 3rd quarter. Cypress Wealth Services LLC now owns 34,897 shares of the e-commerce giant's stock worth $8,944,000 after purchasing an additional 546 shares during the last quarter. Finally, Kooman & Associates grew its stake in shares of Amazon.com by 7.0% during the third quarter. Kooman & Associates now owns 4,048 shares of the e-commerce giant's stock worth $1,009,000 after purchasing an additional 266 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent analyst reports. Citigroup reiterated a "market outperform" rating on shares of Amazon.com in a report on Friday, October 30th. KeyCorp set a $345.00 target price on Amazon.com and gave the stock an "overweight" rating in a report on Friday, October 30th. Raymond James Financial restated an "outperform" rating and set a $250.00 target price on shares of Amazon.com in a report on Friday, October 30th. JPMorgan Chase & Co. boosted their target price on Amazon.com from $330.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Finally, Benchmark upped their price target on Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $321.74.

Insiders Place Their Bets

In related news, CEO Matthew S. Garman sold 14,541 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the sale, the chief executive officer directly owned 17,794 shares of the company's stock, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the sale, the chief financial officer owned 109,207 shares in the company, valued at $28,427,674.17. This trade represents a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,589 shares of company stock worth $18,545,595 in the last three months. 8.90% of the stock is owned by corporate insiders.

Amazon.com News Summary

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

• Positive Sentiment: AWS and AI opportunities support the long-term outlook. AWS growth has accelerated, and CEO Andy Jassy has indicated the cloud business could grow around 40% in 2027 and 2028. Amazon’s stake in Anthropic could also gain value if the AI company proceeds with a potential IPO, although the outcome is uncertain. AWS growth outlook Amazon's Anthropic investment
• Positive Sentiment: New customer and shopping features could strengthen Prime. Amazon’s Uber Eats partnership lets Prime members order restaurant meals through Amazon, while expanded Alexa shopping tools add functions for managing subscriptions, billing questions, and lists. These moves may boost engagement, though their near-term financial impact is unclear. Uber Eats partnership Alexa shopping functions
• Neutral Sentiment: Amazon plans to raise U.S. marketplace fulfillment fees by an average of 19 cents per item in 2027. The increase could help offset costs but may add pressure on sellers. Seller fee changes
• Negative Sentiment: Market-wide tech weakness and spending concerns weighed on sentiment. Amazon shares pulled back as a technology selloff erased earlier gains. Investors are also weighing Amazon’s recent earnings miss against substantial AI and data-center investment, which raises concerns about cash flow and the timing of returns—even as AWS demand remains strong. Technology selloff Earnings and spending concerns
• Negative Sentiment: FTC allegations add advertising-related regulatory risk. The FTC alleges Amazon misled advertisers about the reasons for increases in ad prices around major shopping events, potentially adding legal and reputational concerns. FTC allegations

Amazon.com Stock Down 2.2%

NASDAQ:AMZN opened at $260.21 on Friday. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The stock has a market cap of $2.81 trillion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.02 and a beta of 1.49. The stock has a 50-day moving average price of $253.89 and a two-hundred day moving average price of $243.43.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). The business had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.95 EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

About Amazon.com

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company's principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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