Alight Capital Management LP Sells 31,843 Shares of Amazon.com, Inc. $AMZN

Key Points

• Alight Capital Management LP reduced its Amazon.com holdings by 36.7%, now owning 55,000 shares, which constitute approximately 4.8% of its investment portfolio.
• Insider Jeffrey P. Bezos sold 4.27 million shares of Amazon, worth nearly $961 million, resulting in a 0.47% decrease in his ownership.
• Analysts have increased Amazon's target prices, with BMO Capital Markets setting a new target at $280 while maintaining an "outperform" rating.

Alight Capital Management LP cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 36.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,000 shares of the e-commerce giant's stock after selling 31,843 shares during the quarter. Amazon.com makes up approximately 4.8% of Alight Capital Management LP's holdings, making the stock its 6th biggest holding. Alight Capital Management LP's holdings in Amazon.com were worth $10,464,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Western Wealth Management LLC grew its holdings in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Amazon.com during the first quarter valued at approximately $514,000. Bearing Point Capital LLC purchased a new stake in Amazon.com during the fourth quarter worth $12,014,000. Keyvantage Wealth LLC bought a new stake in Amazon.com during the 4th quarter valued at $2,735,000. Finally, Colonial Trust Co SC raised its position in shares of Amazon.com by 5.9% in the 4th quarter. Colonial Trust Co SC now owns 61,074 shares of the e-commerce giant's stock worth $13,399,000 after acquiring an additional 3,413 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of AMZN stock traded down $1.80 during trading hours on Friday, hitting $228.15. 38,434,486 shares of the company's stock were exchanged, compared to its average volume of 32,713,818. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm has a market cap of $2.43 trillion, a P/E ratio of 34.78, a P/E/G ratio of 1.54 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $226.87 and a two-hundred day moving average of $208.62.

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. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Jefferies Financial Group increased their price objective on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Susquehanna boosted their target price on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Finally, Needham & Company LLC reissued a "buy" rating and set a $265.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of "Buy" and an average target price of $262.87.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 in the last quarter. Corporate insiders own 9.70% of the company's stock.

Amazon.com 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.