Amazon.com, Inc. $AMZN Stock Position Trimmed by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB reduced its stake in Amazon by 0.4% during the second quarter, now holding 1,073,404 shares valued at approximately $235.5 million.
• Insider sales at Amazon included VP Shelley Reynolds and CEO Andrew R. Jassy, who sold shares worth approximately $602,000 and $4.4 million, respectively, indicating a slight reduction in their ownership.
• Analysts remain bullish on Amazon, with multiple firms raising price targets, and a consensus rating of "Buy" with an average price target of $263.30.

E. Ohman J or Asset Management AB lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,073,404 shares of the e-commerce giant's stock after selling 4,469 shares during the quarter. Amazon.com accounts for about 5.8% of E. Ohman J or Asset Management AB's portfolio, making the stock its 3rd largest position. E. Ohman J or Asset Management AB's holdings in Amazon.com were worth $235,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $25,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter worth approximately $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $40,000. Capitol Family Office Inc. purchased a new position in Amazon.com in the first quarter worth approximately $42,000. Finally, Harbor Investment Advisory LLC grew its holdings in Amazon.com by 0.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 2,145 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock traded down $3.85 during trading hours on Monday, hitting $227.63. The stock had a trading volume of 45,744,649 shares, compared to its average volume of 37,103,036. 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 has a market capitalization of $2.43 trillion, a PE ratio of 34.70, a PEG ratio of 1.55 and a beta of 1.31. The stock's 50 day moving average is $227.85 and its 200 day moving average is $209.69. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AMZN. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Monness Crespi & Hardt increased their target price on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 1st. Cantor Fitzgerald raised their price target on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. raised their target price on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two research 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 stock. According to MarketBeat.com, Amazon.com has an average rating of "Buy" and a consensus target price of $263.30.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. 10.80% of the stock is owned by insiders.

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.