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

Handelsbanken Fonder AB boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the second quarter, Holdings Channel reports. The institutional investor owned 5,180,597 shares of the e-commerce giant’s stock after acquiring an additional 49,660 shares during the period. Amazon.com accounts for 3.5% of Handelsbanken Fonder AB’s holdings, making the stock its 4th biggest position. Handelsbanken Fonder AB’s holdings in Amazon.com were worth $1,234,743,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AMZN. City Holding Co. increased its holdings in shares of Amazon.com by 2.9% in the 2nd quarter. City Holding Co. now owns 86,979 shares of the e-commerce giant’s stock valued at $20,730,000 after acquiring an additional 2,476 shares during the period. Salvus Wealth Management LLC lifted its stake in shares of Amazon.com by 4.9% during the 2nd quarter. Salvus Wealth Management LLC now owns 7,211 shares of the e-commerce giant’s stock worth $1,719,000 after purchasing an additional 337 shares during the last quarter. KWB Wealth lifted its stake in shares of Amazon.com by 29.7% during the 2nd quarter. KWB Wealth now owns 1,912 shares of the e-commerce giant’s stock worth $456,000 after purchasing an additional 438 shares during the last quarter. Scott Capital Advisors LLC boosted its position in Amazon.com by 1.6% during the second quarter. Scott Capital Advisors LLC now owns 4,391 shares of the e-commerce giant’s stock valued at $1,047,000 after purchasing an additional 70 shares in the last quarter. Finally, Spinnaker Investment Group LLC boosted its position in Amazon.com by 54.9% during the second quarter. Spinnaker Investment Group LLC now owns 9,673 shares of the e-commerce giant’s stock valued at $2,305,000 after purchasing an additional 3,429 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com News Summary

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

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,741 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $262.76, for a total transaction of $982,985.16. Following the sale, the chief executive officer directly owned 467,138 shares of the company’s stock, valued at $122,745,180.88. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,741 shares of company stock worth $1,767,335 in the last three months. Insiders own 8.90% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $258.63 on Monday. The company has a 50 day moving average price of $249.86 and a 200 day moving average price of $239.32. The firm has a market capitalization of $2.79 trillion, a P/E ratio of 20.81, a PEG ratio of 1.72 and a beta of 1.45. 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, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Amazon.com in a report on Monday, August 3rd. Rosenblatt Securities began coverage on shares of Amazon.com in a research report on Thursday. They set a “buy” rating and a $335.00 price target for the company. Sanford C. Bernstein restated an “outperform” rating and issued a $320.00 price target (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Benchmark lifted their price objective on shares of Amazon.com from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $335.00 price objective (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $322.39.

About Amazon.com

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.