Livforsakringsbolaget Skandia Omsesidigt Sells 270,400 Shares of Amazon.com, Inc. $AMZN

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has significantly reduced its stake in Amazon.com, Inc. by 79.2%, now holding 71,150 shares valued at approximately $15.6 million.
• Multiple institutional investors, such as Vanguard and UBS, have increased their stakes in Amazon, with Vanguard now owning over 832 million shares valued at $158.3 billion.
• Amazon reported strong Q2 earnings with $1.68 EPS, exceeding analyst expectations, and a revenue of $167.7 billion, marking a 13.3% year-over-year increase.

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 79.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,150 shares of the e-commerce giant's stock after selling 270,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Amazon.com were worth $15,607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds 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 approximately $25,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $40,000. Capitol Family Office Inc. bought a new stake in Amazon.com in the first quarter valued at $42,000. Finally, Harbor Investment Advisory LLC grew its position in Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 2,145 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction on Friday, July 11th. The stock was 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 owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over 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.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. Monness Crespi & Hardt increased their target price on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Barclays increased their target price on Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Finally, Evercore ISI restated an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $263.30.

Amazon.com Stock Down 2.5%

AMZN stock traded down $5.71 during mid-day trading on Tuesday, reaching $221.93. The company had a trading volume of 39,698,960 shares, compared to its average volume of 43,942,461. 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 stock has a 50 day simple moving average of $227.85 and a two-hundred day simple moving average of $209.69. The company has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 33.82, a PEG ratio of 1.55 and a beta of 1.31. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 23.84% and a net margin of 10.54%.The business's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com 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.