Amazon.com, Inc. $AMZN Shares Sold by Sfmg LLC

Key Points

• Sfmg LLC decreased its holdings in Amazon.com, Inc. by 1.3%, owning 95,516 shares worth approximately $18.17 million, marking it as the 11th largest position in their portfolio.
• Several large investors have made significant changes to their Amazon.com shares, with IQ EQ FUND MANAGEMENT IRELAND Ltd increasing its stake by 78.6% during the first quarter.
• Amazon.com stock experienced a 1.4% drop in price, trading at $232.33, amid recent analyst upgrades with an average price target of $262.87.

Sfmg LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,516 shares of the e-commerce giant's stock after selling 1,304 shares during the quarter. Amazon.com accounts for about 1.4% of Sfmg LLC's portfolio, making the stock its 11th largest position. Sfmg LLC's holdings in Amazon.com were worth $18,173,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Talisman Wealth Advisors LLC grew its holdings in Amazon.com by 1.2% in the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock valued at $1,020,000 after buying an additional 53 shares in the last quarter. SWAN Capital LLC boosted its position in shares of Amazon.com by 3.1% during the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after acquiring an additional 55 shares during the last quarter. Hamel Associates Inc. grew its holdings in shares of Amazon.com by 1.4% in the first quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant's stock valued at $780,000 after purchasing an additional 55 shares during the period. CWC Advisors LLC. grew its holdings in shares of Amazon.com by 3.1% in the fourth quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant's stock valued at $411,000 after purchasing an additional 56 shares during the period. Finally, JBGlobal.com LLC raised its stake in Amazon.com by 2.1% during the first quarter. JBGlobal.com LLC now owns 2,669 shares of the e-commerce giant's stock worth $508,000 after purchasing an additional 56 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AMZN shares. Truist Financial lifted their target price on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Cowen reiterated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Evercore ISI reiterated an "outperform" rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Wednesday, August 13th. Finally, HSBC increased their price objective on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $262.87.

Amazon.com Trading Down 1.4%

Shares of AMZN traded down $3.35 during midday trading on Friday, hitting $232.33. 36,684,807 shares of the stock were exchanged, compared to its average volume of 32,905,296. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The stock has a fifty day simple moving average of $225.74 and a 200 day simple moving average of $208.00. The firm has a market cap of $2.48 trillion, a P/E ratio of 35.42, a P/E/G ratio of 1.56 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS 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 business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the business posted $1.26 earnings per share. The company's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 in the last ninety days. Company insiders own 9.70% of the company's stock.

Amazon.com Company 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.