Lansforsakringar Fondforvaltning AB publ Sells 31,449 Shares of Amazon.com, Inc. $AMZN

Key Points

• Lansforsakringar Fondforvaltning AB publ trimmed its Amazon stake by 0.8% in the first quarter, selling 31,449 shares but still holding 3.7 million shares valued at about $770.6 million.
• Amazon reported better-than-expected quarterly results, with EPS of $2.78 versus $1.63 expected and revenue of $181.52 billion, up 16.6% from a year earlier.
• Wall Street remains largely bullish on AMZN: 57 analysts rate it a Buy, with an average price target of $312.79, while institutional investors still own about 72.2% of the stock.

Lansforsakringar Fondforvaltning AB publ lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,699,942 shares of the e-commerce giant's stock after selling 31,449 shares during the quarter. Amazon.com comprises approximately 4.0% of Lansforsakringar Fondforvaltning AB publ's investment portfolio, making the stock its 4th biggest holding. Lansforsakringar Fondforvaltning AB publ's holdings in Amazon.com were worth $770,583,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Narwhal Capital Management grew its holdings in Amazon.com by 2.3% during the 4th quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant's stock worth $49,997,000 after acquiring an additional 4,854 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Amazon.com by 21.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant's stock valued at $5,690,463,000 after purchasing an additional 4,275,942 shares during the period. Weaver Capital Management LLC lifted its stake in shares of Amazon.com by 13.6% in the 4th quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant's stock valued at $9,063,000 after purchasing an additional 4,713 shares during the period. Ethos Financial Group LLC boosted its position in shares of Amazon.com by 9.6% in the 4th quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant's stock worth $8,421,000 after purchasing an additional 3,196 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. boosted its position in shares of Amazon.com by 1.9% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant's stock worth $52,667,000 after purchasing an additional 4,558 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

AMZN stock opened at $245.98 on Wednesday. The stock has a 50-day moving average price of $253.99 and a two-hundred day moving average price of $234.98. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. The stock has a market cap of $2.65 trillion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 1.82 and a beta of 1.46. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.15. The company had revenue of $181.52 billion during the quarter, compared to analysts' expectations of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.Amazon.com's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 7.75 EPS for the current fiscal year.

Key Amazon.com News

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

• Positive Sentiment: Amazon’s new bond sale is being seen as a funding tool for AI infrastructure, reinforcing the company’s push into cloud computing and custom silicon while supporting future AWS growth. Fresh foods boost Amazon Now demand in Brazil, executive says
• Positive Sentiment: Several reports argued Amazon’s stock looks attractive or historically cheap, citing strong AWS growth prospects, Prime Day strength, and a broader bullish analyst backdrop. Amazon's Stock Is Historically Cheap. Now Is Your Perfect Buying Opportunity
• Positive Sentiment: Coverage also highlighted Amazon’s AI strategy as a competitive advantage, including custom chips, enterprise AI demand, and growing support from Wall Street. Silicon Starvation: Amazon Feasts on Legacy GPUs
• Neutral Sentiment: The bond offering may raise at least $25 billion, but some commentary noted it also signals higher leverage and adds another layer of debt to Amazon’s balance sheet as AI spending ramps. Amazon aims to raise $25 billion from bond sale, Bloomberg News reports

Analyst Upgrades and Downgrades

AMZN has been the topic of several analyst reports. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research note on Monday, June 1st. Raymond James Financial restated an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, May 1st. New Street Research increased their price target on shares of Amazon.com from $280.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, May 4th. Arete Research lifted their price objective on shares of Amazon.com from $301.00 to $310.00 and gave the stock a "buy" rating in a research note on Monday, May 18th. Finally, Roth Capital boosted their price objective on shares of Amazon.com from $285.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $312.79.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 2,363 shares of the business's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $262.38, for a total value of $620,003.94. Following the sale, the vice president owned 119,780 shares of the company's stock, valued at $31,427,876.40. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the transaction, the chief executive officer owned 2,205,766 shares of the company's stock, valued at $581,042,879.72. The trade was a 0.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 195,774 shares of company stock worth $51,643,704. Corporate insiders own 8.90% of the company's stock.

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.

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