Lazard Freres Gestion S.A.S. Trims Stock Position 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% during the first quarter, according to its most recent filing with the Securities and 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 makes up approximately 6.3% of Lazard Freres Gestion S.A.S.'s portfolio, making the stock its 2nd biggest 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 hedge funds also recently modified their holdings of AMZN. 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 purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Amazon.com by 4.1% in the 4th 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 period. Bank Pictet & Cie Europe AG raised its holdings in shares of Amazon.com by 2.8% in the 4th 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 period. Highview Capital Management LLC DE raised its holdings in shares of Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $2,153,000. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. Wells Fargo & Company lifted their price target on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Westpark Capital reissued a "buy" rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. HSBC boosted their target price on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. Two investment 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $262.87.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $2.60 during trading on Friday, hitting $229.00. The stock had a trading volume of 26,167,914 shares, compared to its average volume of 37,773,448. The firm has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The business's 50-day moving average is $224.25 and its 200 day moving average is $207.79. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

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

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,675,986,299 over the last quarter. Corporate insiders own 10.80% of the company's stock.

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.