Amazon.com, Inc. $AMZN Stake Reduced by Alecta Tjanstepension Omsesidigt

Key Points

• Alecta Tjanstepension Omsesidigt decreased its stake in Amazon.com by 6.2%, now owning approximately 5.66 million shares valued at $1.08 billion.
• Amazon.com reported a quarterly earnings per share of $1.68, surpassing analysts' expectations, with revenue rising 13.3% year-over-year to $167.70 billion.
• Numerous hedge funds have recently adjusted their positions in Amazon, with 72.20% of the stock owned by institutional investors.

Alecta Tjanstepension Omsesidigt cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,658,700 shares of the e-commerce giant's stock after selling 376,800 shares during the quarter. Amazon.com comprises about 6.0% of Alecta Tjanstepension Omsesidigt's investment portfolio, making the stock its 3rd biggest position. Alecta Tjanstepension Omsesidigt owned 0.05% of Amazon.com worth $1,076,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Amazon.com Stock Down 1.8%

Shares of Amazon.com stock opened at $223.81 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.39 trillion, a P/E ratio of 34.12, a P/E/G ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The business has a 50-day moving average price of $222.12 and a 200 day moving average price of $208.46.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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 return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period in the previous year, the company earned $1.26 earnings per share. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 25,012,284 shares of company stock valued at $5,656,976,492 in the last three months. Insiders own 9.70% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on AMZN. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Cantor Fitzgerald lifted their target price on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group reaffirmed a "buy" rating and set a $271.00 target price (up from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. DA Davidson lifted their target price on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Wall Street Zen raised Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $262.87.

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.

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