Amazon.com, Inc. $AMZN Shares Sold by Canandaigua National Bank & Trust Co.

Key Points

• Canandaigua National Bank & Trust Co. reduced its position in Amazon.com, Inc. by 8.8% in Q2, owning 52,640 shares worth $11,549,000 after selling 5,061 shares.
• Amazon.com reported quarterly earnings of $1.68 per share, surpassing analysts' estimates of $1.31, along with $167.70 billion in revenue, a 13.3% increase year-over-year.
• As of recent data, approximately 72.20% of Amazon's stock is owned by institutional investors, while CEO Douglas J. Herrington sold shares valued at over $558,000.

Canandaigua National Bank & Trust Co. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,640 shares of the e-commerce giant's stock after selling 5,061 shares during the quarter. Amazon.com accounts for approximately 1.1% of Canandaigua National Bank & Trust Co.'s investment portfolio, making the stock its 17th largest holding. Canandaigua National Bank & Trust Co.'s holdings in Amazon.com were worth $11,549,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Cooksen Wealth LLC acquired a new position in Amazon.com in the 1st quarter valued at $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter valued at $40,000. Capitol Family Office Inc. acquired a new position in shares of Amazon.com in the 1st quarter valued at $42,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Amazon.com in the 1st quarter valued at $59,000. Finally, von Borstel & Associates Inc. acquired a new position in shares of Amazon.com in the 1st quarter valued at $66,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Amazon.com stock opened at $231.48 on Friday. The stock has a fifty day moving average price of $227.81 and a 200 day moving average price of $209.42. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. 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 firm has a market capitalization of $2.47 trillion, a P/E ratio of 35.29, a PEG ratio of 1.54 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.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 previous year, the business earned $1.26 earnings per share. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. 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.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total value of $558,725.00. Following the completion of the sale, the chief executive officer owned 518,007 shares of the company's stock, valued at $115,769,384.43. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. Jefferies Financial Group reissued a "buy" rating on shares of Amazon.com in a research note on Thursday, September 11th. Deutsche Bank Aktiengesellschaft increased their price objective on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. BMO Capital Markets raised their price target on Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Stifel Nicolaus lifted their target price on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, Pivotal Research lifted their target price on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and a consensus price target of $263.30.

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.

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