Amazon.com, Inc. $AMZN Shares Sold by Greenwood Capital Associates LLC

Key Points

• Greenwood Capital Associates LLC reduced its stake in Amazon.com by 3.2%, owning 82,186 shares valued at approximately $18 million, making it the firm's sixth largest holding.
• CEO Matthew S. Garman and CFO Brian T. Olsavsky sold substantial portions of their shares on August 21st, reflecting a significant decrease in their ownership, with total insider sales in the last quarter amounting to $1.5 billion.
• Amazon.com has recently seen increased price targets from several research firms, with the average target reaching $266.26, and a majority of analysts rating it as a "Buy."

Greenwood Capital Associates LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,186 shares of the e-commerce giant's stock after selling 2,686 shares during the quarter. Amazon.com accounts for 2.2% of Greenwood Capital Associates LLC's investment portfolio, making the stock its 6th largest holding. Greenwood Capital Associates LLC's holdings in Amazon.com were worth $18,031,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after acquiring an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE lifted its holdings in shares of Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $2,153,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the sale, the chief executive officer directly owned 3,138 shares in the company, valued at $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,591,479 shares of company stock valued at $1,512,698,663 in the last quarter. Insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $213.04 on Monday. The company has a market capitalization of $2.27 trillion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a 50-day simple moving average of $225.66 and a 200 day simple moving average of $212.88.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMZN. Truist Financial increased their price target on Amazon.com from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. The Goldman Sachs Group increased their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company a "buy" rating in a report on Friday, October 3rd. Telsey Advisory Group restated an "outperform" rating and set a $265.00 price target on shares of Amazon.com in a report on Wednesday, September 24th. Finally, Cantor Fitzgerald upped their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average 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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