Avanza Fonder AB boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 894,271 shares of the e-commerce giant’s stock after purchasing an additional 75,636 shares during the quarter. Amazon.com comprises about 5.9% of Avanza Fonder AB’s portfolio, making the stock its 4th biggest holding. Avanza Fonder AB’s holdings in Amazon.com were worth $196,194,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $25,000. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com during the 2nd quarter valued at $27,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at $40,000. Finally, Capitol Family Office Inc. bought a new stake in shares of Amazon.com during the 1st quarter valued at $42,000. 72.20% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Amazon.com
In related news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total value of $558,725.00. Following the completion of the sale, the chief executive officer directly owned 518,007 shares of the company’s stock, valued at $115,769,384.43. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,770,485 shares of company stock valued at $4,938,795,968 in the last ninety days. 10.80% of the stock is owned by corporate insiders.
Amazon.com Trading Up 1.1%
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share 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 company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the company earned $1.26 earnings per share. The company’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. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Analyst Ratings Changes
AMZN has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Stifel Nicolaus upped their price objective on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Scotiabank upped their target price on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 22nd. Finally, Cowen reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $264.13.
View Our Latest Stock Analysis on Amazon.com
Amazon.com Company 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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