Allianz SE Lowers Stake in Amazon.com, Inc. $AMZN

Key Points

• Allianz SE reduced its stake in Amazon.com by 1.0%, holding 521,038 shares valued at approximately $99.1 million, making it the firm’s fifth largest holding.
• Amazon insiders sold a total of 25,097,911 shares valued at about $5.68 billion in the last ninety days, with notable sales from SVP David Zapolsky and CEO Andrew R. Jassy.
• Several analysts have raised their price targets for Amazon.com, with a consensus buy rating and an average target price of $262.87, indicating favorable outlook for the stock.

Allianz SE reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 521,038 shares of the e-commerce giant's stock after selling 5,113 shares during the period. Amazon.com accounts for about 2.6% of Allianz SE's holdings, making the stock its 5th biggest position. Allianz SE's holdings in Amazon.com were worth $99,133,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the fourth quarter worth about $25,000. LSV Asset Management purchased a new stake in Amazon.com during the fourth quarter worth about $35,000. Cooksen Wealth LLC bought a new position in Amazon.com during the first quarter worth about $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the first quarter worth about $40,000. Finally, Capitol Family Office Inc. bought a new position in Amazon.com during the first quarter worth about $42,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 1.4%

NASDAQ:AMZN traded down $3.35 during midday trading on Friday, reaching $232.33. 36,684,807 shares of the stock traded hands, compared to its average volume of 32,905,296. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a market capitalization of $2.48 trillion, a P/E ratio of 35.42, a PEG ratio of 1.58 and a beta of 1.30. The company has a fifty day moving average of $225.74 and a 200 day moving average of $208.13.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Wedbush lifted their target price on shares of Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. BMO Capital Markets lifted their target price on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Cowen reiterated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $262.87.

Insider Activity at Amazon.com

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated Thursday, August 21st. The shares were 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 of the company's stock, valued at approximately $10,914,260. This represents a 26.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total transaction of $558,725.00. Following the sale, the chief executive officer directly owned 518,007 shares in the company, valued at $115,769,384.43. This trade 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 25,097,911 shares of company stock worth $5,676,032,574 in the last ninety days. 9.70% of the stock is currently owned by company insiders.

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.