Amazon.com, Inc. $AMZN Shares Sold by Convergence Investment Partners LLC

Key Points

• Convergence Investment Partners LLC reduced its stake in Amazon.com by 24.3%, now owning 39,156 shares worth approximately $7.45 million.
• Insider Jeffrey P. Bezos sold over 2.6 million shares for about $609 million, representing a 0.30% decrease in his ownership.
• Amazon.com's Q2 earnings report exceeded expectations, with earnings per share of $1.68 and revenue of $167.7 billion, marking a 13.3% year-over-year increase.

Convergence Investment Partners LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 24.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,156 shares of the e-commerce giant's stock after selling 12,601 shares during the period. Amazon.com makes up 2.1% of Convergence Investment Partners LLC's portfolio, making the stock its 2nd biggest position. Convergence Investment Partners LLC's holdings in Amazon.com were worth $7,450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Talisman Wealth Advisors LLC boosted its stake in Amazon.com by 1.2% in the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock valued at $1,020,000 after purchasing an additional 53 shares during the period. SWAN Capital LLC boosted its stake in Amazon.com by 3.1% in the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after purchasing an additional 55 shares during the period. Lokken Investment Group LLC boosted its stake in Amazon.com by 1.5% in the 4th quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant's stock valued at $848,000 after purchasing an additional 56 shares during the period. CWC Advisors LLC. boosted its stake in Amazon.com by 3.1% in the 4th quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant's stock valued at $411,000 after purchasing an additional 56 shares during the period. Finally, JBGlobal.com LLC boosted its stake in Amazon.com by 2.1% in the 1st quarter. JBGlobal.com LLC now owns 2,669 shares of the e-commerce giant's stock valued at $508,000 after purchasing an additional 56 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 4,784 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $232.32, for a total value of $1,111,418.88. Following the sale, the chief executive officer owned 510,255 shares in the company, valued at approximately $118,542,441.60. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,012,284 shares of company stock valued at $5,656,976,492. Insiders own 9.70% of the company's stock.

Amazon.com Price Performance

AMZN traded up $6.89 on Friday, reaching $228.84. The stock had a trading volume of 37,264,095 shares, compared to its average volume of 46,830,960. 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 50-day moving average of $222.30 and a 200-day moving average of $208.35. 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 has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AMZN shares. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Evercore ISI reiterated an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a research report on Wednesday, August 13th. Needham & Company LLC restated a "buy" rating and set a $265.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Citigroup restated an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. Finally, Benchmark restated a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $262.87.

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.