Amazon.com, Inc. $AMZN Shares Sold by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors LLC trimmed its Amazon position by 4.4% in the first quarter, selling 6,102 shares and leaving it with 132,431 shares worth about $27.6 million.
• Amazon’s latest earnings beat expectations, with EPS of $2.78 versus $1.63 expected and revenue of $181.52 billion, up 16.6% year over year.
• Despite some insider selling, Wall Street remains constructive: analysts have a Moderate Buy consensus on AMZN, with a price target of about $312.76.

Frank Rimerman Advisors LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,431 shares of the e-commerce giant's stock after selling 6,102 shares during the quarter. Amazon.com comprises about 1.8% of Frank Rimerman Advisors LLC's investment portfolio, making the stock its 11th biggest holding. Frank Rimerman Advisors LLC's holdings in Amazon.com were worth $27,581,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMZN. Red Crane Wealth Management LLC lifted its stake in Amazon.com by 2.3% during the first quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant's stock valued at $346,000 after purchasing an additional 38 shares during the last quarter. Lifelong Wealth Advisors Inc. increased its holdings in shares of Amazon.com by 2.4% in the fourth quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant's stock valued at $402,000 after buying an additional 41 shares in the last quarter. Financial Connections Group Inc. increased its holdings in shares of Amazon.com by 2.6% in the fourth quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant's stock valued at $376,000 after buying an additional 42 shares in the last quarter. Marquette Asset Management LLC lifted its position in shares of Amazon.com by 5.1% during the 4th quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant's stock valued at $205,000 after acquiring an additional 43 shares during the last quarter. Finally, Wernau Asset Management Inc. boosted its stake in shares of Amazon.com by 0.4% during the 1st quarter. Wernau Asset Management Inc. now owns 10,231 shares of the e-commerce giant's stock worth $2,131,000 after acquiring an additional 43 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 0.0%

Shares of NASDAQ AMZN opened at $247.27 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56. The business has a 50-day moving average price of $250.83 and a two-hundred day moving average price of $235.96. The firm has a market capitalization of $2.66 trillion, a PE ratio of 29.58, a PEG ratio of 1.84 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $1.15. The company had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm's quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 EPS. As a group, analysts predict that Amazon.com, Inc. will post 7.75 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 15,467 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total value of $4,074,007.80. Following the transaction, the chief executive officer owned 14,159 shares in the company, valued at approximately $3,729,480.60. This represents a 52.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 31,352 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the completion of the sale, the chief executive officer owned 2,175,766 shares of the company's stock, valued at approximately $598,335,650. The trade was a 1.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 144,274 shares of company stock valued at $38,716,204 in the last three months. 8.90% of the stock is currently owned by insiders.

Trending Headlines about Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon’s AWS and AI spend remain a major growth story, with reports of a roughly $200 billion 2026 AI investment plan and large future commitments for Trainium chips supporting the bullish thesis. Andy Jassy Says Amazon's Chip Business Already Has $225 Billion in Commitments
• Positive Sentiment: Analysts remained upbeat on Amazon, with fresh coverage and higher targets pointing to continued confidence in AWS re-acceleration and AI-driven earnings growth. KeyBanc Raises Amazon Stock’s Price Target Ahead of Earnings: Here’s What to Watch
• Positive Sentiment: June retail sales and online spending were strong, which is a helpful signal for Amazon’s e-commerce business heading into back-to-school season. 5 Solid Stocks to Boost Your Portfolio as Retail Sales Continue to Surge
• Neutral Sentiment: Amazon is still being compared favorably in the “Magnificent Seven” and AI hyperscaler debates, which keeps the stock in focus but is more commentary than a direct catalyst. The Race to Beat Nvidia: Does Google or Amazon Have the Better In-House Silicon
• Negative Sentiment: Zoox recalled 105 robotaxis after a software issue involving heavy smoke detection, adding a near-term headline risk to Amazon’s autonomous vehicle unit. Zoox recalls self-driving cars because they may not detect smoke
• Negative Sentiment: An AWS billing bug briefly generated wildly inflated invoices for some customers, which could dent sentiment around cloud reliability even though Amazon says it is fixing the issue. Amazon fixing bug that billed some AWS customers billions of dollars

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMZN shares. Benchmark lifted their target price on Amazon.com from $275.00 to $370.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Phillip Securities upgraded Amazon.com from a "moderate buy" rating to a "buy" rating and set a $280.00 price target for the company in a research report on Wednesday, May 13th. Wells Fargo & Company reissued an "overweight" rating and issued a $313.00 price target (up from $312.00) on shares of Amazon.com in a research note on Thursday, July 2nd. Susquehanna restated a "positive" rating and set a $325.00 price objective (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Finally, Guggenheim reaffirmed a "buy" rating and set a $320.00 price objective (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $312.76.

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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