Amazon.com, Inc. $AMZN Position Lowered by Plato Investment Management Ltd

Key Points

• Plato Investment Management Ltd reduced its stake in Amazon by 9.5%, selling 22,077 shares and maintaining 209,961 shares valued at approximately $40.38 million.
• Insider transactions include CEO Andrew R. Jassy selling 19,872 shares for over $4.4 million, resulting in a slight decrease in his overall shareholding.
• Amazon reported $1.68 earnings per share for the last quarter, exceeding expectations and driving a quarterly revenue increase of 13.3% year-over-year.

Plato Investment Management Ltd lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 209,961 shares of the e-commerce giant's stock after selling 22,077 shares during the quarter. Amazon.com accounts for 3.4% of Plato Investment Management Ltd's investment portfolio, making the stock its 4th biggest position. Plato Investment Management Ltd's holdings in Amazon.com were worth $40,380,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter valued at about $25,000. Cooksen Wealth LLC purchased a new position in Amazon.com during the 1st quarter valued at about $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com during the 1st quarter valued at about $40,000. Capitol Family Office Inc. purchased a new position in Amazon.com during the 1st quarter valued at about $42,000. Finally, Harbor Investment Advisory LLC increased its holdings in Amazon.com by 0.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock valued at $58,000 after purchasing an additional 2,145 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 1.0%

Shares of Amazon.com stock traded down $2.43 during midday trading on Wednesday, hitting $231.62. The company had a trading volume of 42,648,898 shares, compared to its average volume of 33,471,536. 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 capitalization of $2.47 trillion, a P/E ratio of 35.31, a P/E/G ratio of 1.56 and a beta of 1.30. The company has a 50 day moving average of $227.51 and a 200 day moving average of $209.05. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week 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, topping 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 in the prior year, the business posted $1.26 EPS. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total transaction of $558,725.00. Following the sale, the chief executive officer directly owned 518,007 shares of the company's stock, valued at approximately $115,769,384.43. This represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,097,911 shares of company stock worth $5,676,032,574 in the last ninety days. 9.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AMZN shares. Susquehanna boosted their target price on Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research note on Friday, August 1st. HSBC boosted their price objective on shares of Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Cantor Fitzgerald boosted their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. BMO Capital Markets boosted their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus boosted their price target on shares of Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Amazon.com presently has an average rating of "Buy" and an average target price of $263.30.

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.