Generali Investments Towarzystwo Funduszy Inwestycyjnych Trims Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Generali Investments Towarzystwo Funduszy Inwestycyjnych reduced its stake in Amazon.com, Inc. by 11.8%, holding $2.80 million worth of shares, which makes Amazon the fund’s 16th largest position.
• Amazon stock saw a 4.3% increase on a recent trading day, reaching $235.68, with significant trading volume surpassing its average.
• Analysts have rated Amazon with an average target of $262.87, with ratings ranging from "Buy" to "Strong Buy" from multiple investment firms.

Generali Investments Towarzystwo Funduszy Inwestycyjnych trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,700 shares of the e-commerce giant's stock after selling 1,967 shares during the quarter. Amazon.com makes up about 1.8% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's portfolio, making the stock its 16th biggest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Amazon.com were worth $2,797,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Manchester Capital Management LLC raised its holdings in shares of Amazon.com by 0.7% in the first quarter. Manchester Capital Management LLC now owns 109,725 shares of the e-commerce giant's stock worth $20,876,000 after buying an additional 781 shares during the period. Delta Financial Group Inc. raised its holdings in shares of Amazon.com by 5.0% in the first quarter. Delta Financial Group Inc. now owns 22,925 shares of the e-commerce giant's stock worth $4,660,000 after buying an additional 1,095 shares during the period. Novus Advisors LLC raised its holdings in shares of Amazon.com by 3.1% in the first quarter. Novus Advisors LLC now owns 13,103 shares of the e-commerce giant's stock worth $2,493,000 after buying an additional 400 shares during the period. Cheviot Value Management LLC grew its stake in Amazon.com by 11.6% in the first quarter. Cheviot Value Management LLC now owns 68,662 shares of the e-commerce giant's stock worth $12,795,000 after purchasing an additional 7,112 shares in the last quarter. Finally, Cedar Wealth Management LLC grew its stake in Amazon.com by 1.1% in the first quarter. Cedar Wealth Management LLC now owns 15,279 shares of the e-commerce giant's stock worth $2,907,000 after purchasing an additional 162 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. UBS Group reissued a "buy" rating and issued a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Monness Crespi & Hardt increased their target price on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Evercore ISI reaffirmed an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a research report on Wednesday, August 13th. Truist Financial increased their target price on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Citigroup reaffirmed an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $262.87.

Insider Buying and Selling at Amazon.com

In other Amazon.com 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 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 trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Down 1.4%

Shares of Amazon.com stock traded down $3.35 during trading on Friday, reaching $232.33. The company's stock had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. The company has a market cap of $2.48 trillion, a price-to-earnings ratio of 35.42, a P/E/G ratio of 1.58 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a 50-day simple moving average of $225.74 and a two-hundred day simple moving average of $208.13. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.