Amazon.com, Inc. $AMZN Holdings Cut by Focus Financial Network Inc.

Key Points

• Focus Financial Network Inc. reduced its stake in Amazon.com by 4.0%, now holding 310,108 shares worth approximately $68 million, making it the firm's 6th largest investment.
• Amazon reported significant earnings growth with $1.68 EPS for the last quarter, exceeding analysts' expectations, and a 13.3% increase in revenue year-over-year.
• Insider Jeffrey P. Bezos sold over 4 million shares of Amazon stock, a transaction valued at nearly $960.7 million, representing a decrease of 0.47% in his ownership.

Focus Financial Network Inc. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 310,108 shares of the e-commerce giant's stock after selling 12,962 shares during the quarter. Amazon.com comprises 2.7% of Focus Financial Network Inc.'s investment portfolio, making the stock its 6th biggest position. Focus Financial Network Inc.'s holdings in Amazon.com were worth $68,035,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com during the fourth quarter worth about $25,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com during the 1st quarter worth approximately $40,000. Capitol Family Office Inc. acquired a new position in shares of Amazon.com in the 1st quarter valued at $42,000. Finally, Harbor Investment Advisory LLC raised its position in Amazon.com by 0.7% in the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock valued at $58,000 after purchasing an additional 2,145 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $220.21 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company's 50-day moving average price is $227.68 and its two-hundred day moving average price is $209.83. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The stock has a market cap of $2.35 trillion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the previous year, the business earned $1.26 earnings per share. Amazon.com's revenue for the quarter was up 13.3% compared to the same quarter last year. 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 fiscal year.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. Company insiders own 9.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on AMZN shares. Zacks Research downgraded shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Citigroup reiterated an "overweight" rating on shares of Amazon.com in a report on Wednesday, August 13th. BMO Capital Markets raised their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, Wall Street Zen raised shares of Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and a consensus target price of $264.04.

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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