First National Advisers LLC Lowers Position in Amazon.com, Inc. $AMZN

Key Points

• First National Advisers LLC decreased its stake in Amazon.com, Inc. by 5.3%, now holding 89,058 shares worth approximately $16.9 million, making it the 6th largest position in their portfolio.
• Despite some institutional sell-offs, other hedge funds have increased their holdings in Amazon.com, with notable increases including Valued Retirements Inc. raising its stake by 10.3%.
• Amazon.com reported a quarterly EPS of $1.68, exceeding analyst expectations, while its revenue increased by 13.3% compared to the same period last year, totaling $167.70 billion.

First National Advisers LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,058 shares of the e-commerce giant's stock after selling 4,953 shares during the quarter. Amazon.com accounts for about 2.7% of First National Advisers LLC's investment portfolio, making the stock its 6th largest position. First National Advisers LLC's holdings in Amazon.com were worth $16,945,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management purchased a new position in Amazon.com during the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its holdings in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Cooksen Wealth LLC purchased a new position in Amazon.com during the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new position in Amazon.com during the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction 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. This represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 25,097,911 shares of company stock worth $5,675,986,299. 9.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Citigroup reissued an "overweight" rating on shares of Amazon.com in a report on Wednesday, August 13th. Wells Fargo & Company boosted their target price on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Benchmark reissued a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Finally, DA Davidson boosted their target price on shares of Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Two equities research 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $262.87.

Amazon.com Trading Down 1.2%

Shares of AMZN traded down $2.89 during midday trading on Friday, hitting $228.71. The stock had a trading volume of 12,540,545 shares, compared to its average volume of 43,902,621. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm has a market cap of $2.44 trillion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. 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 stock's 50 day moving average is $223.86 and its 200 day moving average is $208.12.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its 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. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The business'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. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.