Amazon.com, Inc. $AMZN is Clare Market Investments LLC's 2nd Largest Position

Key Points

• Clare Market Investments LLC has reduced its stake in Amazon.com, Inc. by 2.7%, leaving it with approximately 233,274 shares, which constitute about 11.3% of their total holdings.
• Analysts have raised their price targets for Amazon, with notable increases from Moffett Nathanson and Pivotal Research, indicating a consensus average price target of $264.04.
• Amazon's recent earnings report showed a 13.3% annual revenue growth, with earnings per share of $1.68, exceeding estimates, and CEO Andrew R. Jassy sold a total of 19,872 shares during this period.

Clare Market Investments LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 233,274 shares of the e-commerce giant's stock after selling 6,452 shares during the quarter. Amazon.com comprises about 11.3% of Clare Market Investments LLC's holdings, making the stock its 2nd largest holding. Clare Market Investments LLC's holdings in Amazon.com were worth $51,178,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $25,000. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com during the 2nd quarter valued at approximately $27,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at approximately $40,000. Finally, Capitol Family Office Inc. purchased a new position in shares of Amazon.com during the 1st quarter valued at approximately $42,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AMZN shares. Moffett Nathanson upped their price target on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Pivotal Research upped their price target on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Citigroup reissued an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. Jefferies Financial Group reissued a "buy" rating on shares of Amazon.com in a research report on Thursday, September 11th. Finally, BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a research report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $264.04.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $219.78 on Friday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. 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 business's fifty day moving average price is $227.44 and its two-hundred day moving average price is $210.16. The firm has a market capitalization of $2.34 trillion, a PE ratio of 33.50, a P/E/G ratio of 1.46 and a beta of 1.30.

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

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the transaction, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total value of $558,725.00. Following the transaction, the chief executive officer directly 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 disclosure for this sale can be found here. Insiders sold 21,997,911 shares of company stock valued at $4,989,630,574 over the last three months. 9.70% of the stock is currently 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.

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