Amazon.com, Inc. $AMZN Shares Sold by Graypoint LLC

Key Points

• Graypoint LLC reduced its stake in Amazon.com, Inc. by 2.0%, ending the quarter with 79,804 shares valued at approximately $17.5 million, making it the 23rd largest holding in their portfolio.
• Despite some institutional selling, several hedge funds, including Financial Management Professionals Inc. and Ballentine Partners LLC, increased their stakes in Amazon.com during the same quarter.
• Amazon reported a strong quarterly performance with $1.68 earnings per share, exceeding analysts' expectations, and a 13.3% year-over-year revenue increase, totaling $167.70 billion.

Graypoint LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,804 shares of the e-commerce giant's stock after selling 1,628 shares during the quarter. Amazon.com makes up about 1.0% of Graypoint LLC's portfolio, making the stock its 23rd biggest holding. Graypoint LLC's holdings in Amazon.com were worth $17,508,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. boosted its stake in Amazon.com by 5.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 9,299 shares of the e-commerce giant's stock worth $2,040,000 after purchasing an additional 484 shares during the last quarter. Sara Bay Financial boosted its stake in Amazon.com by 2.5% during the 2nd quarter. Sara Bay Financial now owns 46,927 shares of the e-commerce giant's stock worth $10,295,000 after purchasing an additional 1,138 shares during the last quarter. Ballentine Partners LLC boosted its stake in Amazon.com by 7.8% during the 2nd quarter. Ballentine Partners LLC now owns 188,167 shares of the e-commerce giant's stock worth $41,282,000 after purchasing an additional 13,638 shares during the last quarter. Heritage Oak Wealth Advisors LLC boosted its stake in Amazon.com by 1.2% during the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant's stock worth $862,000 after purchasing an additional 48 shares during the last quarter. Finally, Peregrine Investment Management Inc. boosted its stake in Amazon.com by 49.7% during the 2nd quarter. Peregrine Investment Management Inc. now owns 45,170 shares of the e-commerce giant's stock worth $9,910,000 after purchasing an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN opened at $219.51 on Friday. The stock has a 50 day moving average price of $226.55 and a 200 day moving average price of $211.13. 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 market capitalization of $2.34 trillion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28. 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 announced 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. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares of the company's stock, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,845,122 shares of company stock valued at $4,731,747,929 in the last 90 days. Company insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMZN. UBS Group reiterated a "buy" rating and set a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Roth Capital set a $250.00 price target on Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Scotiabank lifted their price target on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 22nd. Needham & Company LLC reiterated a "buy" rating and set a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Finally, BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a report on Friday, June 27th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and an average target price of $266.26.

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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