Amazon.com, Inc. $AMZN Shares Sold by Grove Bank & Trust

Key Points

• Grove Bank & Trust reduced its Amazon holdings by 10.4%, owning 68,209 shares after selling 7,942 shares, with the stock making up about 1.9% of its portfolio.
• Amazon's recent earnings report showed an EPS of $1.68, surpassing analyst expectations of $1.31, and revenue of $167.70 billion, marking a 13.3% increase year-over-year.
• Insider Jeffrey P. Bezos sold 4,273,237 shares for approximately $960 million, reducing his ownership by 0.47%, with insiders having sold a total of nearly $5 billion in stock over the last quarter.

Grove Bank & Trust decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,209 shares of the e-commerce giant's stock after selling 7,942 shares during the period. Amazon.com comprises approximately 1.9% of Grove Bank & Trust's portfolio, making the stock its 10th largest position. Grove Bank & Trust's holdings in Amazon.com were worth $14,964,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Amazon.com during the 1st quarter worth $11,674,091,000. GAMMA Investing LLC lifted its position in shares of Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Amazon.com by 21.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock worth $11,017,657,000 after purchasing an additional 10,176,835 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Amazon.com during the 4th quarter worth $2,037,963,000. Finally, Vanguard Group Inc. lifted its position in shares of Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after purchasing an additional 8,913,959 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 21,997,911 shares of company stock worth $4,989,630,574 in the last quarter. Insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $219.78 on Friday. The company has a 50-day simple moving average of $227.44 and a 200-day simple moving average of $210.16. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 33.50, a PEG ratio of 1.46 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS 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 business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The business's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMZN shares. Evercore ISI reissued an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a research report on Wednesday, August 13th. Stifel Nicolaus boosted their price target on shares of Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Zacks Research cut shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Moffett Nathanson boosted their price target on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of "Buy" and a consensus price target of $264.04.

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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