Amazon.com, Inc. $AMZN Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer & Co. Ltd Zurich reduced its stake in Amazon.com by 2.8%, owning approximately 3.9 million shares valued at about $824 million.
• Amazon's stock currently has an average rating of "Buy" with a target price of $262.87, while recent upgrades from analysts have shifted ratings positively.
• Insider Jeffrey P. Bezos sold over 4 million shares valued at nearly $961 million, reflecting a notable decrease in his position in Amazon.com.

Bank Julius Baer & Co. Ltd Zurich lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,936,378 shares of the e-commerce giant's stock after selling 114,227 shares during the period. Amazon.com comprises 2.7% of Bank Julius Baer & Co. Ltd Zurich's investment portfolio, making the stock its 7th biggest holding. Bank Julius Baer & Co. Ltd Zurich's holdings in Amazon.com were worth $823,962,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. FMR LLC grew its holdings in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC grew its holdings in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after acquiring an additional 4,087,933 shares in the last quarter. Finally, Norges Bank acquired a new position in Amazon.com during the 4th quarter worth approximately $27,266,582,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on AMZN. Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Oppenheimer reduced their price objective on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research report on Friday, August 1st. Cowen restated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Stifel Nicolaus boosted their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Down 1.8%

AMZN stock opened at $223.81 on Thursday. The company has a fifty day moving average price of $222.12 and a 200 day moving average price of $208.46. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a market cap of $2.39 trillion, a price-to-earnings ratio of 34.12, 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS 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 firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. Amazon.com'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. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on 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 completion of the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have sold 25,012,284 shares of company stock worth $5,656,976,492. 9.70% of the stock is currently owned by corporate insiders.

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.

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