Amazon.com, Inc. $AMZN Shares Sold by Alta Fox Capital Management LLC

Key Points

• Alta Fox Capital Management LLC reduced its stake in Amazon.com, Inc. by 19.9% in Q1, now holding 83,000 shares which represent 6.3% of its portfolio, valued at approximately $15.79 million.
• Several large investors, including AQR Capital Management and Alyeska Investment Group, have significantly increased their positions in Amazon, with Alyeska's holdings rising by a staggering 457.7%.
• Amazon reported better-than-expected earnings with $1.68 earnings per share, surpassing the consensus estimate of $1.31, and 13.3% year-over-year revenue growth at $167.70 billion for the quarter.

Alta Fox Capital Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 19.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83,000 shares of the e-commerce giant's stock after selling 20,652 shares during the quarter. Amazon.com accounts for about 6.3% of Alta Fox Capital Management LLC's portfolio, making the stock its 5th largest holding. Alta Fox Capital Management LLC's holdings in Amazon.com were worth $15,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Western Wealth Management LLC grew its holdings in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after purchasing an additional 1,297 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in Amazon.com during the first quarter worth $514,000. Bearing Point Capital LLC purchased a new position in Amazon.com during the fourth quarter worth about $12,014,000. Keyvantage Wealth LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $2,735,000. Finally, Colonial Trust Co SC lifted its position in Amazon.com by 5.9% in the fourth quarter. Colonial Trust Co SC now owns 61,074 shares of the e-commerce giant's stock valued at $13,399,000 after buying an additional 3,413 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In related 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 value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 in the last quarter. Insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN traded down $1.80 during midday trading on Friday, hitting $228.15. 38,434,486 shares of the stock traded hands, compared to its average volume of 32,713,818. The business's 50 day moving average price is $226.87 and its two-hundred day moving average price 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 1-year low of $161.38 and a 1-year high of $242.52.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on AMZN shares. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Needham & Company LLC reiterated a "buy" rating and set a $265.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Evercore ISI restated an "outperform" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Wednesday, August 13th. JPMorgan Chase & Co. upped their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of "Buy" and a consensus 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.