Amazon.com, Inc. $AMZN Shares Sold by Retirement Income Solutions Inc.

Key Points

• Retirement Income Solutions Inc. reduced its Amazon stake by 48.6% in the second quarter, selling 8,000 shares and retaining 8,469 shares valued at approximately $2.02 million.
• Amazon reported quarterly revenue of $200.61 billion, up 19.6% year over year, and earnings of $5.75 per share, significantly exceeding the $1.82 analyst consensus.
• Wall Street remains broadly bullish, with 56 analysts rating Amazon a Buy and three a Hold; the stock has a “Moderate Buy” consensus and an average price target of $321.63. Insiders sold roughly $18.3 million of shares over the past three months.

Retirement Income Solutions Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 48.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,469 shares of the e-commerce giant's stock after selling 8,000 shares during the quarter. Retirement Income Solutions Inc.'s holdings in Amazon.com were worth $2,019,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Trust Asset Management LLC raised its position in Amazon.com by 3.3% in the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock valued at $26,000 after buying an additional 3,414 shares during the last quarter. Bard Associates Inc. bought a new position in Amazon.com during the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC purchased a new position in Amazon.com during the 2nd quarter worth $33,000. Lifetime Wealth Management P.C. purchased a new position in Amazon.com during the 4th quarter worth $45,000. Finally, Prudent Man Investment Management Inc. grew its stake in shares of Amazon.com by 87.7% in the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant's stock worth $53,000 after acquiring an additional 107 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

AMZN opened at $249.15 on Thursday. The firm has a market cap of $2.69 trillion, a P/E ratio of 20.04, a PEG ratio of 1.91 and a beta of 1.44. The firm has a 50-day moving average of $256.38 and a 200 day moving average of $247.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same quarter in the previous year, the firm posted $1.68 earnings per share. The company's revenue for the quarter was up 19.6% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 8.01 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. Royal Bank Of Canada increased their target price on shares of Amazon.com from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $325.00 price target (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. Barclays reiterated an "overweight" rating and issued a $365.00 price objective (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $375.00 target price (up from $335.00) on shares of Amazon.com in a research report on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $321.63.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,343 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $606,860.43. Following the sale, the vice president owned 119,780 shares of the company's stock, valued at approximately $31,024,217.80. The trade was a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the company's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the transaction, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. The trade was a 18.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 70,589 shares of company stock worth $18,329,015 in the last three months. Insiders own 8.90% of the company's stock.

Key Headlines Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Rosenblatt raised its price target to $360 from $335 and maintained a Buy rating, implying roughly 46% upside. The firm said concerns that Meta’s Muse and OpenAI’s Dots could displace Amazon’s retail and advertising businesses are overstated. How Amazon’s stock can fight off the AI threat and soar 46%
• Positive Sentiment: AWS agreed to a multiyear Synopsys deal worth more than $1 billion to license chip-design technology. The agreement should support Amazon’s Trainium and Graviton custom-chip efforts, potentially reducing its reliance on Nvidia processors and improving AWS economics over time. Synopsys, Amazon Web Services sign chip design licensing deal
• Positive Sentiment: Amazon signed a 20-year nuclear power agreement with Constellation Energy supporting expansion of Maryland’s Calvert Cliffs plant. The deal could help secure reliable, low-carbon electricity for Amazon’s growing data-center and AI infrastructure needs. Constellation, Amazon sign 20-year power deal
• Positive Sentiment: New consumer products and services provided additional support. Amazon launched a faster Fire TV Stick 4K with expanded Alexa+ functionality and introduced shipping tools intended to lower delivery costs for sellers of bulky products. These initiatives could support device engagement, retail activity, and marketplace participation. Amazon stock rallies on new Alexa and Fire TV abilities

About Amazon.com

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

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