Marvin & Palmer Associates Inc. Sells 23,020 Shares of Amazon.com, Inc. $AMZN

Key Points

• Marvin & Palmer Associates Inc. significantly reduced its stake in Amazon.com by 60.8%, selling 23,020 shares and now holding 14,838 shares, with the investment valued at approximately $2.8 million.
• Numerous institutional investors have either entered or adjusted their positions in Amazon, with 72.20% of the stock currently owned by institutional investors and hedge funds.
• Analyst ratings for Amazon remain positive, with the average target price raised to $262.87, and a consensus rating of "Buy" from most research analysts.

Marvin & Palmer Associates Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 60.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,838 shares of the e-commerce giant's stock after selling 23,020 shares during the quarter. Amazon.com comprises approximately 4.2% of Marvin & Palmer Associates Inc.'s holdings, making the stock its 18th largest position. Marvin & Palmer Associates Inc.'s holdings in Amazon.com were worth $2,823,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the 4th quarter worth about $35,000. Perritt Capital Management Inc lifted its holdings in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the period. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 1st quarter worth about $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com during the 1st quarter worth about $40,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Bank of America raised their target price on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Jefferies Financial Group raised their target price on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Moffett Nathanson raised their target price on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Zacks Research downgraded shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Piper Sandler lifted their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, August 1st. 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. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $262.87.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 25,097,911 shares of company stock worth $5,675,986,299 over the last three months. Insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

AMZN stock traded up $2.48 during midday trading on Thursday, reaching $231.60. 33,650,159 shares of the company were exchanged, compared to its average volume of 46,110,316. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The business has a 50-day moving average price of $223.48 and a two-hundred day moving average price of $208.13. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The firm 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 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the previous year, the business posted $1.26 earnings per share. 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. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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.