Amazon.com, Inc. $AMZN Shares Sold by Legacy Private Trust Co.

Key Points

• Legacy Private Trust Co. reduced its stake in Amazon.com, Inc. by 1.7% during the second quarter, leaving it with 98,165 shares valued at approximately $21.5 million, making it the 14th largest position in their portfolio.
• Institutional investors and hedge funds currently own 72.20% of Amazon's stock, highlighting its popularity among large investment firms.
• Despite recent insider selling by Jeff Bezos, who sold over 4 million shares, Amazon's stock remains well-regarded with multiple analysts giving it a "buy" rating and a consensus price target of $263.30.

Legacy Private Trust Co. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 98,165 shares of the e-commerce giant's stock after selling 1,679 shares during the period. Amazon.com makes up about 1.4% of Legacy Private Trust Co.'s investment portfolio, making the stock its 14th largest position. Legacy Private Trust Co.'s holdings in Amazon.com were worth $21,536,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth $25,000. Cooksen Wealth LLC purchased a new stake in Amazon.com during the 1st quarter worth $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com during the 1st quarter worth $40,000. Capitol Family Office Inc. acquired a new position in Amazon.com in the 1st quarter worth $42,000. Finally, Harbor Investment Advisory LLC boosted its position in Amazon.com by 0.7% in the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock valued at $58,000 after buying an additional 2,145 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. Truist Financial lifted their target price on Amazon.com from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective on the stock in a report on Friday, June 27th. Cantor Fitzgerald increased their target price on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Canaccord Genuity Group reissued a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, Scotiabank upped their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Buy" and a consensus price target of $263.30.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $3.85 during trading hours on Monday, reaching $227.63. The company's stock had a trading volume of 45,744,649 shares, compared to its average volume of 37,103,036. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company's 50 day simple moving average is $227.85 and its 200 day simple moving average is $209.69. 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 cap of $2.43 trillion, a P/E ratio of 34.70, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares of the company's stock, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction that occurred 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 owned 49,000 shares of the company's stock, valued at $10,914,260. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. Corporate insiders own 10.80% of the company's stock.

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.