111 Capital Sells 17,334 Shares of Amazon.com, Inc. $AMZN

Key Points

• 111 Capital has reduced its stake in Amazon.com, Inc. by 31.6% during Q2, selling 17,334 shares and resulting in total holdings of 37,444 shares valued at approximately $8.2 million.
• Amazon's CFO and CEO both sold significant amounts of their stock on August 21st, with the CFO selling 17,750 shares and the CEO selling 17,785 shares, indicating a notable decrease in their ownership.
• Several analysts have recently upgraded Amazon's stock ratings, with a consensus rating of "Buy" and an average price target of $266.26, reflecting positive sentiment towards the company's performance.

111 Capital decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 31.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,444 shares of the e-commerce giant's stock after selling 17,334 shares during the quarter. Amazon.com comprises about 1.4% of 111 Capital's investment portfolio, making the stock its 10th biggest position. 111 Capital's holdings in Amazon.com were worth $8,215,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ridgecrest Wealth Partners LLC lifted its stake in shares of Amazon.com by 0.5% during the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock worth $1,843,000 after purchasing an additional 45 shares in the last quarter. Bare Financial Services Inc lifted its stake in shares of Amazon.com by 5.4% during the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant's stock worth $177,000 after purchasing an additional 48 shares in the last quarter. Heritage Oak Wealth Advisors LLC lifted its stake in shares of Amazon.com by 1.2% during the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant's stock worth $862,000 after purchasing an additional 48 shares in the last quarter. Cobblestone Asset Management LLC lifted its stake in shares of Amazon.com by 3.1% during the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant's stock worth $367,000 after purchasing an additional 50 shares in the last quarter. Finally, Seek First Inc. lifted its stake in shares of Amazon.com by 0.5% during the second quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant's stock worth $2,009,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 49,000 shares of the company's stock, valued at approximately $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the completion of the transaction, the chief executive officer directly owned 3,138 shares of the company's stock, valued at $695,286.66. This trade represents a 85.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,252,009 shares of company stock valued at $976,047,640. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on AMZN shares. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a research note on Friday, June 27th. Westpark Capital reiterated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Zacks Research cut Amazon.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Oppenheimer cut their price target on Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $266.26.

Amazon.com Stock Up 1.6%

NASDAQ:AMZN opened at $216.48 on Tuesday. The firm has a market capitalization of $2.31 trillion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28. The stock has a 50 day moving average of $225.56 and a 200-day moving average of $213.20. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. 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 - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Analysts predict 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.

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