Amazon.com, Inc. $AMZN Position Lessened by AMF Tjanstepension AB

Key Points

• AMF Tjanstepension AB reduced its stake in Amazon.com, Inc. by 0.7% during the first quarter, holding $624.59 million worth of shares, which represents 4.6% of its total portfolio.
• Amazon reported strong earnings results with an EPS of $1.68, exceeding estimates, and quarterly revenue of $167.70 billion, up 13.3% year-over-year.
• Many institutional investors, including Vanguard Group and Capital World Investors, have increased their positions in Amazon, reflecting a broader confidence in the company's stock, which currently has a consensus price target of $262.87.

AMF Tjanstepension AB lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,282,826 shares of the e-commerce giant's stock after selling 22,382 shares during the quarter. Amazon.com comprises about 4.6% of AMF Tjanstepension AB's portfolio, making the stock its 4th biggest holding. AMF Tjanstepension AB's holdings in Amazon.com were worth $624,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Capital World Investors boosted its holdings in Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Capital International Investors lifted its position in shares of Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares during the last quarter. Northern Trust Corp lifted its position in shares of Amazon.com by 14.0% during the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after purchasing an additional 11,926,749 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock worth $11,017,657,000 after purchasing an additional 10,176,835 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded down $3.35 during trading on Friday, hitting $232.33. 36,684,807 shares of the stock were exchanged, compared to its average volume of 32,905,296. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $225.74 and a two-hundred day moving average price of $208.00. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a market cap of $2.48 trillion, a PE ratio of 35.42, a P/E/G ratio of 1.56 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for 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%. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares in the company, valued at $9,825,943.60. The trade was a 23.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock worth $5,676,032,574 over the last ninety days. Insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AMZN shares. Barclays boosted their target price on Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Citigroup reiterated an "overweight" rating on shares of Amazon.com in a research note on Wednesday, August 13th. Robert W. Baird boosted their target price on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a report on Monday, July 21st. JMP Securities reissued a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, August 1st. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $262.87.

About Amazon.com

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.