L & S Advisors Inc Reduces Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• L & S Advisors Inc reduced its holdings in Amazon.com by 18.7% in the 1st quarter, leaving them with 73,175 shares valued at approximately $13.92 million.
• Jeffrey P. Bezos sold over 4.27 million shares of Amazon stock, worth nearly $961 million, decreasing his holdings by 0.47% to around 897.72 million shares.
• Analysts largely maintain a positive outlook for Amazon, with forty-six "Buy" ratings and price objectives raised, including BMO Capital Markets increasing theirs from $270.00 to $280.00.

L & S Advisors Inc lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,175 shares of the e-commerce giant's stock after selling 16,877 shares during the period. Amazon.com comprises 1.7% of L & S Advisors Inc's investment portfolio, making the stock its 9th biggest position. L & S Advisors Inc's holdings in Amazon.com were worth $13,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Talisman Wealth Advisors LLC boosted its stake in Amazon.com by 1.2% in the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock valued at $1,020,000 after acquiring an additional 53 shares during the last quarter. SWAN Capital LLC boosted its stake in Amazon.com by 3.1% in the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after acquiring an additional 55 shares during the last quarter. Hamel Associates Inc. boosted its stake in Amazon.com by 1.4% in the first quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant's stock valued at $780,000 after acquiring an additional 55 shares during the last quarter. CWC Advisors LLC. raised its position in shares of Amazon.com by 3.1% in the fourth 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 raised its position in shares of Amazon.com by 2.1% in the first 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 and hedge funds own 72.20% of the company's stock.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's 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 owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 25,097,911 shares of company stock worth $5,676,032,574 in the last 90 days. 9.70% of the stock is owned by insiders.

Amazon.com Trading Down 1.4%

Amazon.com stock traded down $3.35 during trading hours on Friday, reaching $232.33. The stock had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. The stock has a market cap of $2.48 trillion, a PE ratio of 35.42, a PEG ratio of 1.58 and a beta of 1.30. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week 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 company has a fifty day simple moving average of $225.74 and a 200-day simple moving average of $208.13.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Analysts forecast 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. Wells Fargo & Company boosted their price target on shares of Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. UBS Group reiterated a "buy" rating and issued a $271.00 target price (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 target price on shares of Amazon.com in a research note on Wednesday, August 13th. Rosenblatt Securities raised their price objective on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Bank of America raised their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target 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.