Lazard Freres Gestion S.A.S. Has $257.64 Million Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Lazard Freres Gestion S.A.S. reduced its stake in Amazon.com, Inc. by 28.4% during the first quarter, leaving them with 1,354,121 shares valued at approximately $257.64 million.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon stock for nearly $961 million, reducing his ownership by 0.47%.
• Amazon's stock is currently rated as a "Buy" by analysts, with a consensus target price of approximately $262.87, reflecting increased confidence following solid earnings results.

Lazard Freres Gestion S.A.S. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 28.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,354,121 shares of the e-commerce giant's stock after selling 536,084 shares during the quarter. Amazon.com comprises about 6.3% of Lazard Freres Gestion S.A.S.'s holdings, making the stock its 2nd largest holding. Lazard Freres Gestion S.A.S.'s holdings in Amazon.com were worth $257,635,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Talisman Wealth Advisors LLC boosted its position in Amazon.com by 1.2% during the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock valued at $1,020,000 after purchasing an additional 53 shares during the last quarter. SWAN Capital LLC lifted its position in shares of Amazon.com by 3.1% in the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after buying an additional 55 shares during the last quarter. Hamel Associates Inc. lifted its position in shares of Amazon.com by 1.4% in the first quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant's stock valued at $780,000 after buying an additional 55 shares during the last quarter. Lokken Investment Group LLC lifted its position in shares of Amazon.com by 1.5% in the fourth quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant's stock valued at $848,000 after buying an additional 56 shares during the last quarter. Finally, CWC Advisors LLC. lifted its position in shares of Amazon.com by 3.1% in the fourth quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant's stock valued at $411,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

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 stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 25,097,911 shares of company stock worth $5,675,986,299. 9.70% of the stock is currently owned by insiders.

Amazon.com Price Performance

Shares of AMZN traded up $2.48 during midday trading on Thursday, hitting $231.60. The company's stock had a trading volume of 33,650,159 shares, compared to its average volume of 46,110,316. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company's fifty day simple moving average is $223.48 and its two-hundred day simple moving average is $208.13. 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 stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.30, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMZN. Wedbush raised their price objective on Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Truist Financial raised their price objective on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Citizens Jmp began coverage on Amazon.com in a research report on Thursday, July 10th. They issued a "strong-buy" rating for the company. Oppenheimer cut their price objective on Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research report on Friday, August 1st. Finally, Tigress Financial increased their target price on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $262.87.

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.