AlTi Global Inc. Sells 11,218 Shares of Amazon.com, Inc. $AMZN

Key Points

• AlTi Global Inc. reduced its stake in Amazon.com by 11.7%, selling 11,218 shares, and now holds a total of 84,349 shares valued at approximately $16 million.
• Insider Jeffrey P. Bezos sold over 4.2 million shares, worth nearly $961 million, reducing his ownership by 0.47%.
• Amazon.com received positive ratings from several analysts, with Bank of America raising its target price to $272.00 and a consensus rating of "Buy" among analysts.

AlTi Global Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,349 shares of the e-commerce giant's stock after selling 11,218 shares during the quarter. Amazon.com makes up 0.4% of AlTi Global Inc.'s investment portfolio, making the stock its 26th largest holding. AlTi Global Inc.'s holdings in Amazon.com were worth $16,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after acquiring an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after acquiring an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE lifted its position in shares of Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $2,153,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN traded down $1.80 during mid-day trading on Friday, hitting $228.15. The company's stock had a trading volume of 38,434,486 shares, compared to its average volume of 32,713,818. The stock's 50-day moving average is $226.87 and its two-hundred day moving average is $208.62. The firm has a market capitalization of $2.43 trillion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30. 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 one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for 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 company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on AMZN. Jefferies Financial Group increased their target price on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Citizens Jmp started coverage on Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating for the company. Evercore ISI reissued an "outperform" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Wednesday, August 13th. BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Finally, Moffett Nathanson raised their price target on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Buy" and a consensus target price of $262.87.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is 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.