Handelsbanken Fonder AB Has $1.23 Billion Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Handelsbanken Fonder increased its Amazon stake by 1%. The fund now owns 5.18 million shares valued at approximately $1.23 billion, representing 3.5% of its portfolio and its fourth-largest holding.
• Wall Street remains broadly bullish on Amazon. Fifty-seven analysts rate the stock Strong Buy or Buy, with a consensus “Moderate Buy” rating and an average price target near $322; Amazon also exceeded quarterly earnings and revenue expectations.
• AI and AWS support Amazon’s long-term outlook, but investment risks remain. Heavy spending on AI infrastructure, Prime Video, robotics and delivery initiatives could drive growth, while analysts remain focused on cash generation, execution challenges and competitive pressures.

Handelsbanken Fonder AB increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,180,597 shares of the e-commerce giant's stock after purchasing an additional 49,660 shares during the period. Amazon.com makes up 3.5% of Handelsbanken Fonder AB's portfolio, making the stock its 4th largest holding. Handelsbanken Fonder AB's holdings in Amazon.com were worth $1,234,743,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Red Crane Wealth Management LLC grew its stake in shares of Amazon.com by 2.3% during the first quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant's stock valued at $346,000 after buying an additional 38 shares during the last quarter. Robinson Smith Wealth Advisors LLC lifted its stake in shares of Amazon.com by 0.7% during the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant's stock worth $1,147,000 after acquiring an additional 40 shares during the last quarter. Sfam LLC lifted its stake in shares of Amazon.com by 3.4% during the 1st quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant's stock worth $255,000 after acquiring an additional 40 shares during the last quarter. Measured Risk Portfolios Inc. boosted its holdings in Amazon.com by 3.4% during the 1st quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant's stock valued at $251,000 after acquiring an additional 40 shares during the period. Finally, CoreFirst Bank & Trust boosted its holdings in Amazon.com by 1.1% during the 1st quarter. CoreFirst Bank & Trust now owns 3,620 shares of the e-commerce giant's stock valued at $754,000 after acquiring an additional 40 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AI and AWS remain the main bullish catalysts: Amazon is part of a group of major technology companies expected to spend approximately $615 billion on AI infrastructure this year. AWS growth, a reported $496 billion backlog and an AI annualized revenue run rate above $25 billion reinforce the view that Amazon’s capital spending could translate into stronger long-term cloud revenue. AI infrastructure spending article
• Positive Sentiment: Analyst support is strong: Rosenblatt initiated coverage with a Buy rating and a $335 price target. The broader analyst consensus remains Moderately Buy, with an average target of about $322.56, suggesting substantial potential upside if AWS growth and margins improve. Rosenblatt coverage report
• Positive Sentiment: New growth initiatives could expand Amazon’s ecosystem: Prime Video plans to invest more than $2 billion in Latin America from 2027 through 2030, while the company is targeting drone delivery in nearly 500 U.S. cities and towns. Amazon also selected Austin for a multibillion-dollar robotics facility expected to create up to 500 jobs. Prime Video Latin America investment
• Neutral Sentiment: Anthropic investment offers both strategic value and valuation uncertainty: Amazon’s stake in the AI startup could become highly valuable if reported IPO valuations hold, and Anthropic supports AWS demand. However, some analysts question whether the private company’s potential valuation is justified by its current revenue and cash generation. Anthropic valuation analysis
• Negative Sentiment: Investors are concerned about spending and near-term returns: The $2 billion Prime Video expansion adds to Amazon’s investment burden, while the market is focusing more on underlying cash generation than gains related to the rising value of Anthropic. Amazon Prime Video investment analysis
• Negative Sentiment: Competitive and execution risks remain: SpaceX’s Starlink has more than 11,000 satellites compared with Amazon Leo’s fewer than 1,000, highlighting a significant gap in the satellite broadband race. Drone deliveries also face regulatory, noise, safety and reliability hurdles, including recent delivery mishaps. Starlink and Amazon Leo comparison

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 3,741 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $262.76, for a total value of $982,985.16. Following the completion of the sale, the chief executive officer directly owned 467,138 shares of the company's stock, valued at $122,745,180.88. This represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,741 shares of company stock valued at $1,767,335 over the last ninety days. 8.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Zacks Research upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. BMO Capital Markets reissued an "outperform" rating and set a $360.00 target price (up from $355.00) on shares of Amazon.com in a research note on Tuesday, July 28th. Needham & Company LLC reissued a "buy" rating and set a $300.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Mizuho set a $330.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Wedbush raised their price target on shares of Amazon.com from $293.00 to $310.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $322.39.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $258.63 on Monday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The firm has a market cap of $2.79 trillion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.72 and a beta of 1.45. The business has a fifty day simple moving average of $249.86 and a two-hundred day simple moving average of $239.32. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business's revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.68 EPS. Analysts expect that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source