Amazon.com, Inc. $AMZN Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,073,404 shares of the e-commerce giant’s stock after selling 4,469 shares during the quarter. Amazon.com makes up 5.8% of E. Ohman J or Asset Management AB’s holdings, making the stock its 3rd biggest position. E. Ohman J or Asset Management AB’s holdings in Amazon.com were worth $235,494,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the 4th quarter valued at $25,000. Cooksen Wealth LLC bought a new position in Amazon.com during the 1st quarter worth $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the 1st quarter worth $40,000. Capitol Family Office Inc. bought a new position in Amazon.com during the 1st quarter worth $42,000. Finally, Harbor Investment Advisory LLC increased its position in Amazon.com by 0.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 2,145 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $26,548,039.20. This trade represents a 2.22% 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. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. DA Davidson increased their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Rosenblatt Securities increased their price objective on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Wall Street Zen upgraded Amazon.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Cowen reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, Truist Financial increased their price objective on Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday. Two investment 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 has a consensus rating of “Buy” and an average price target of $263.30.

Amazon.com Stock Performance

Shares of AMZN stock opened at $231.23 on Friday. The business’s 50-day moving average price is $227.68 and its 200-day moving average price is $209.23. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.25, a PEG ratio of 1.55 and a beta of 1.30. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the firm posted $1.26 earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.