7,794 Amazon.com, Inc. $AMZN Shares Sold by Draper Asset Management LLC

Key Points

• Draper Asset Management reduced its Amazon stake by 6.4%, selling 7,794 shares and retaining 114,932 shares valued at approximately $28.6 million. Institutional investors collectively own 72.2% of Amazon.
• Amazon insiders sold 71,589 shares worth $18.6 million over the past 90 days, including sales by CEO Matthew Garman and SVP David Zapolsky under pre-arranged Rule 10b5-1 plans.
• Analyst sentiment remains favorable, with 56 Buy ratings, three Holds, a “Moderate Buy” consensus, and an average price target of $322.53. Amazon’s latest results also exceeded expectations, with revenue rising 19.6% year over year and EPS substantially beating estimates.

Draper Asset Management LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 114,932 shares of the e-commerce giant's stock after selling 7,794 shares during the quarter. Amazon.com comprises about 13.1% of Draper Asset Management LLC's portfolio, making the stock its 5th largest holding. Draper Asset Management LLC's holdings in Amazon.com were worth $28,635,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bullock Wealth Management Group boosted its position in shares of Amazon.com by 10.1% during the 3rd quarter. Bullock Wealth Management Group now owns 14,073 shares of the e-commerce giant's stock worth $3,283,000 after acquiring an additional 1,289 shares in the last quarter. Riversedge Advisors LLC raised its position in Amazon.com by 6.1% during the third quarter. Riversedge Advisors LLC now owns 20,736 shares of the e-commerce giant's stock valued at $5,166,000 after purchasing an additional 1,191 shares in the last quarter. Wedmont Private Capital raised its position in Amazon.com by 26.1% during the third quarter. Wedmont Private Capital now owns 220,898 shares of the e-commerce giant's stock valued at $54,575,000 after purchasing an additional 45,674 shares in the last quarter. Intelligence Driven Advisers LLC lifted its stake in Amazon.com by 10.5% during the third quarter. Intelligence Driven Advisers LLC now owns 10,148 shares of the e-commerce giant's stock worth $2,528,000 after purchasing an additional 965 shares during the last quarter. Finally, Athena Wealth Management LLC boosted its holdings in shares of Amazon.com by 7.8% in the 3rd quarter. Athena Wealth Management LLC now owns 14,131 shares of the e-commerce giant's stock valued at $3,521,000 after purchasing an additional 1,021 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other news, CEO Matthew Garman sold 14,541 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the sale, the chief executive officer directly owned 17,794 shares of the company's stock, valued at $4,609,713.64. This represents a 44.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the firm's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock worth $18,580,515 over the last 90 days. 8.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on AMZN. Needham & Company LLC restated a "buy" rating and set a $300.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Raymond James Financial reiterated an "outperform" rating and issued a $390.00 target price (up from $280.00) on shares of Amazon.com in a research report on Friday, July 31st. BMO Capital Markets reissued an "outperform" rating and set a $360.00 target price (up from $355.00) on shares of Amazon.com in a research note on Tuesday, July 28th. Wedbush boosted their target price on Amazon.com from $293.00 to $310.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Finally, Bank of America increased their target price on shares of Amazon.com from $310.00 to $320.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Fifty-six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $322.53.

Amazon.com Price Performance

AMZN stock opened at $250.00 on Friday. The company has a market capitalization of $2.70 trillion, a P/E ratio of 20.11, a PEG ratio of 1.97 and a beta of 1.45. The company has a fifty day moving average price of $256.75 and a 200-day moving average price of $251.57. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The business had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. During the same period in the prior year, the business posted $1.68 earnings per share. The firm's revenue was up 19.6% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 8.03 EPS for the current year.

More Amazon.com News

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

• Positive Sentiment: AWS remains the central growth and profit driver. Amazon’s cloud business grew at its fastest pace in 18 quarters during the second quarter, and investors will focus closely on whether that momentum continued. Strong AWS growth could support a higher valuation. Amazon earnings outlook
• Positive Sentiment: Analysts continue to view Amazon as a major beneficiary of AI adoption through AWS, custom chips and related products. The company’s AI initiatives could improve future cash flow, while strong holiday e-commerce demand and a growing advertising business provide additional support. Amazon AI cash flow outlook
• Positive Sentiment: Amazon’s acquisition of Bee is expanding its consumer AI strategy. New Bee Frontier and Bee Eclipse devices, along with a paid software tier, give the company new opportunities in hardware, subscriptions and AI-assisted shopping. Amazon Bee AI devices
• Neutral Sentiment: Amazon has scheduled its third-quarter results and conference call for Oct. 29. The report is likely to be the next major catalyst, particularly for AWS growth, capital expenditures, operating margins and management’s AI investment outlook. Amazon earnings announcement
• Negative Sentiment: Broad technology stocks are under pressure as inflation concerns increase expectations for higher interest rates, prompting investors to favor value and dividend-paying sectors. That market-wide rotation is weighing on mega-cap technology names, including AMZN. Technology sector decline
• Negative Sentiment: Investors remain concerned that Amazon’s roughly $220 billion AI commitment and rising capital expenditures may pressure near-term free cash flow. Capacity constraints and potentially falling AI-compute pricing add to doubts about the return on that spending.
• Negative Sentiment: Elon Musk’s proposal for an “X Shop” or “Grokazon” introduces a potential long-term competitive risk after Amazon blocked some AI shopping agents. The issue could encourage rivals to challenge Amazon’s position in agent-driven commerce. Potential Amazon rival

Amazon.com Profile

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

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