Amazon.com, Inc. $AMZN Shares Sold by Galvin Gaustad & Stein LLC

Key Points

• Galvin Gaustad & Stein LLC has reduced its stake in Amazon.com, Inc. by 3.3%, holding 142,508 shares valued at approximately $27.11 million, making Amazon its 6th largest holding.
• Insider Jeffrey P. Bezos recently sold over 4.27 million shares for about $960.67 million, resulting in a 0.47% decrease in his position.
• Amazon reported $1.68 EPS for the last quarter, exceeding estimates, with revenue of $167.70 billion, reflecting a year-over-year increase of 13.3%.

Galvin Gaustad & Stein LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,508 shares of the e-commerce giant's stock after selling 4,854 shares during the quarter. Amazon.com makes up 2.4% of Galvin Gaustad & Stein LLC's investment portfolio, making the stock its 6th largest position. Galvin Gaustad & Stein LLC's holdings in Amazon.com were worth $27,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management purchased a new position in Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc increased its stake in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. Cooksen Wealth LLC purchased a new position in Amazon.com in the 1st quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new position in Amazon.com in the 1st quarter worth approximately $40,000. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 2,715 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $26,548,039.20. This represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 6,835 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.62, for a total value of $1,514,772.70. Following the completion of the sale, the chief executive officer directly owned 520,507 shares of the company's stock, valued at approximately $115,354,761.34. This trade represents a 1.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock worth $5,675,986,299 over the last quarter. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Up 1.1%

Shares of Amazon.com stock traded up $2.48 during trading on Thursday, reaching $231.60. The company's stock had a trading volume of 33,645,386 shares, compared to its average volume of 44,096,445. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 1.53 and a beta of 1.31. 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 company has a 50-day simple moving average of $223.48 and a two-hundred day simple moving average of $208.13. 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 issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating 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 business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The company'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, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AMZN shares. Cantor Fitzgerald lifted their price objective on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Rosenblatt Securities boosted their target price on Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Bank of America boosted their price target on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price target on Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $262.87.

About Amazon.com

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.