NBC Securities Inc. Sells 2,275 Shares of Amazon.com, Inc. $AMZN

Key Points

• NBC Securities Inc. reduced its stake in Amazon.com, Inc. by 3.2%, now holding 69,443 shares worth $15.2 million, making it the company's 7th largest position.
• Amazon reported $1.68 earnings per share for the last quarter, surpassing analysts' expectations of $1.31, with total revenue reaching $167.7 billion, a 13.3% increase year-over-year.
• Analysts have shown positive sentiment towards Amazon, with two analysts rating it a Strong Buy and an average price target of $263.30.

NBC Securities Inc. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,443 shares of the e-commerce giant's stock after selling 2,275 shares during the quarter. Amazon.com comprises 1.2% of NBC Securities Inc.'s portfolio, making the stock its 7th biggest position. NBC Securities Inc.'s holdings in Amazon.com were worth $15,235,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Apella Capital LLC increased its stake in Amazon.com by 3.0% in the second quarter. Apella Capital LLC now owns 37,313 shares of the e-commerce giant's stock valued at $8,338,000 after purchasing an additional 1,093 shares in the last quarter. Holcombe Financial Inc. boosted its position in shares of Amazon.com by 12.1% during the second quarter. Holcombe Financial Inc. now owns 1,484 shares of the e-commerce giant's stock worth $326,000 after purchasing an additional 160 shares in the last quarter. Boltwood Capital Management grew its holdings in shares of Amazon.com by 6.0% in the 2nd quarter. Boltwood Capital Management now owns 16,816 shares of the e-commerce giant's stock valued at $3,689,000 after buying an additional 955 shares during the period. Gradient Investments LLC raised its stake in Amazon.com by 1.3% during the 2nd quarter. Gradient Investments LLC now owns 550,308 shares of the e-commerce giant's stock worth $120,732,000 after buying an additional 6,949 shares during the period. Finally, GK Wealth Management LLC lifted its holdings in Amazon.com by 8.1% during the second quarter. GK Wealth Management LLC now owns 25,453 shares of the e-commerce giant's stock worth $5,584,000 after acquiring an additional 1,900 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's 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 transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last three months. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company raised their price target on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Scotiabank lifted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. DA Davidson upped their price target on shares of Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a report on Friday, August 1st. Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Bank of America upped their target price on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $263.30.

Amazon.com Stock Down 1.7%

Shares of NASDAQ AMZN traded down $3.85 during mid-day trading on Monday, hitting $227.63. The company had a trading volume of 45,744,649 shares, compared to its average volume of 37,103,036. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a 50-day simple moving average of $227.85 and a two-hundred day simple moving average of $209.69. The company has a market capitalization of $2.43 trillion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts expect 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.