Atria Wealth Solutions Inc. Has $102.87 Million Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in Amazon.com, Inc. by 10.4%, selling 62,639 shares and now holding 540,702 shares worth approximately $102.87 million.
• Amazon's earnings report showed $1.68 EPS for the quarter, exceeding estimates and marking a 13.3% year-over-year revenue increase to $167.70 billion.
• Analysts have a consensus rating of "Buy" with a price target of $262.87, with several firms raising their price target for Amazon stock recently.

Atria Wealth Solutions Inc. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 540,702 shares of the e-commerce giant's stock after selling 62,639 shares during the period. Amazon.com accounts for about 1.2% of Atria Wealth Solutions Inc.'s holdings, making the stock its 7th biggest position. Atria Wealth Solutions Inc.'s holdings in Amazon.com were worth $102,874,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AMZN. GAMMA Investing LLC boosted its stake in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the period. Capital World Investors lifted its stake in Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Capital International Investors increased its holdings in shares of Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after buying an additional 12,000,745 shares during the period. Northern Trust Corp increased its holdings in shares of Amazon.com by 14.0% in the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after buying an additional 11,926,749 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Amazon.com in the fourth quarter worth about $2,037,963,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total value of $558,725.00. Following the completion of the sale, the chief executive officer owned 518,007 shares in the company, valued at approximately $115,769,384.43. This represents a 0.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares of the company's stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock worth $5,676,032,574 in the last three months. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $3.35 during midday trading on Friday, hitting $232.33. The company had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a market cap of $2.48 trillion, a price-to-earnings ratio of 35.42, a PEG ratio of 1.58 and a beta of 1.30. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a fifty day moving average of $225.74 and a two-hundred day moving average of $208.13.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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. The firm 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%.Amazon.com's revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AMZN shares. Needham & Company LLC restated a "buy" rating and set a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Barclays upped their target price on Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. JMP Securities reissued a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft upped their price objective on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Finally, Moffett Nathanson upped their price objective on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $262.87.

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.