Amazon.com, Inc. $AMZN Holdings Reduced by Associated Banc Corp

Key Points

• Associated Banc Corp has reduced its holdings in Amazon.com, Inc. by 0.7%, now owning approximately 507,891 shares valued at $96.6 million.
• Several institutional investors increased their stakes in Amazon, with Western Wealth Management LLC adding 0.9% more shares during the first quarter.
• Amazon's stock has been assigned an average price target of $262.87 by analysts, with multiple firms maintaining a "Buy" rating.

Associated Banc Corp lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 507,891 shares of the e-commerce giant's stock after selling 3,485 shares during the period. Amazon.com makes up approximately 2.9% of Associated Banc Corp's investment portfolio, making the stock its 6th biggest holding. Associated Banc Corp's holdings in Amazon.com were worth $96,631,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AMZN. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $40,000. Capitol Family Office Inc. bought a new stake in shares of Amazon.com during the first quarter valued at approximately $42,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Amazon.com during the first quarter valued at approximately $59,000. Finally, von Borstel & Associates Inc. bought a new stake in shares of Amazon.com during the first quarter valued at approximately $66,000. Institutional investors own 72.20% of the company's stock.

Insider Activity

In other news, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. The trade was a 0.90% 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. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Down 1.4%

NASDAQ AMZN traded down $3.35 on Friday, hitting $232.33. The stock had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. The business's fifty day moving average price is $225.74 and its 200 day moving average price is $208.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The stock has a market cap of $2.48 trillion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AMZN shares. Stifel Nicolaus lifted their price target on shares of Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Citizens Jmp initiated coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating on the stock. Robert W. Baird lifted their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Monness Crespi & Hardt lifted their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Scotiabank lifted their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 22nd. Two equities research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $262.87.

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.