Burr Financial Services LLC Sells 5,819 Shares of Amazon.com, Inc. $AMZN

Key Points

• Burr Financial Services LLC reduced its stake in Amazon.com, Inc. by 11.3%, owning 45,892 shares worth approximately $10 million as of the end of the last quarter.
• A number of institutional investors increased their positions in Amazon during the first quarter, including Western Wealth Management and Flaharty Asset Management, reflecting overall confidence in the stock.
• A total of 25 million shares were sold by insiders over the last ninety days, indicating significant insider selling activity, with corporate insiders now holding 9.70% of the stock.

Burr Financial Services LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,892 shares of the e-commerce giant's stock after selling 5,819 shares during the period. Amazon.com comprises about 8.5% of Burr Financial Services LLC's investment portfolio, making the stock its 3rd biggest position. Burr Financial Services LLC's holdings in Amazon.com were worth $10,068,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Reyes Financial Architecture Inc. lifted its position in shares of Amazon.com by 39.4% in the second quarter. Reyes Financial Architecture Inc. now owns 2,621 shares of the e-commerce giant's stock valued at $575,000 after acquiring an additional 741 shares in the last quarter. Czech National Bank lifted its position in shares of Amazon.com by 6.6% in the second quarter. Czech National Bank now owns 2,309,562 shares of the e-commerce giant's stock valued at $506,695,000 after acquiring an additional 143,136 shares in the last quarter. First Financial Corp IN increased its holdings in shares of Amazon.com by 13.0% in the second quarter. First Financial Corp IN now owns 10,843 shares of the e-commerce giant's stock worth $2,379,000 after purchasing an additional 1,244 shares during the last quarter. Sandy Cove Advisors LLC increased its holdings in shares of Amazon.com by 4.4% in the second quarter. Sandy Cove Advisors LLC now owns 15,854 shares of the e-commerce giant's stock worth $3,478,000 after purchasing an additional 662 shares during the last quarter. Finally, Sard Wealth Management Group LLC increased its holdings in shares of Amazon.com by 28.6% in the second quarter. Sard Wealth Management Group LLC now owns 4,854 shares of the e-commerce giant's stock worth $1,065,000 after purchasing an additional 1,079 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AMZN shares. Scotiabank lifted their target price on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 22nd. Stifel Nicolaus lifted their target price on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Morgan Stanley reaffirmed an "overweight" rating on shares of Amazon.com in a report on Wednesday, September 10th. Barclays lifted their target price on Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Oppenheimer reduced their price objective on Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $263.30.

Amazon.com Stock Down 2.5%

Amazon.com stock traded down $5.71 during mid-day trading on Tuesday, reaching $221.93. 39,698,960 shares of the company were exchanged, compared to its average volume of 43,942,461. The business has a fifty day moving average of $227.85 and a 200 day moving average of $209.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market cap of $2.37 trillion, a P/E ratio of 33.82, a PEG ratio of 1.55 and a beta of 1.31. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.

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

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The stock was 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 of the company's stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 over the last 90 days. Corporate insiders own 10.80% of the company's stock.

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.