Amazon.com, Inc. $AMZN Shares Sold by Brave Asset Management Inc.

Key Points

• Brave Asset Management Inc. reduced its holdings in Amazon.com by 2.8% during Q2, holding a total of 45,394 shares valued at approximately $9.96 million.
• Analysts are optimistic about Amazon.com, with numerous firms raising their price targets; the consensus rating remains a strong "Buy."
• Insider trading activity has been significant, with Jeff Bezos selling over 4.27 million shares, while CEO Andrew Jassy also sold a notable number of shares recently.

Brave Asset Management Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,394 shares of the e-commerce giant's stock after selling 1,323 shares during the period. Amazon.com makes up about 2.7% of Brave Asset Management Inc.'s portfolio, making the stock its 13th biggest position. Brave Asset Management Inc.'s holdings in Amazon.com were worth $9,964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Carderock Capital Management Inc. purchased a new stake in Amazon.com in the 2nd quarter worth $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the first quarter valued at about $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at about $40,000. Capitol Family Office Inc. purchased a new stake in shares of Amazon.com in the first quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. grew its holdings in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after purchasing an additional 95 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMZN. Pivotal Research upped their target price on shares of Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Scotiabank upped their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, July 22nd. DA Davidson increased their price target on shares of Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, August 1st. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a research note on Friday, June 27th. Finally, Westpark Capital restated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and a consensus price target of $266.26.

Amazon.com Trading Up 0.6%

Amazon.com stock opened at $220.90 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.36 trillion, a PE ratio of 33.67, a P/E/G ratio of 1.47 and a beta of 1.28. The stock has a 50-day moving average price of $226.31 and a 200 day moving average price of $211.41. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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. The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts predict 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 Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the transaction, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,697,459 shares of company stock valued at $4,250,847,273 in the last three months. Corporate insiders own 10.80% of the company's stock.

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.

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