Amazon.com, Inc. $AMZN Shares Sold by Strive Asset Management LLC

Strive Asset Management LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,426 shares of the e-commerce giant's stock after selling 1,264 shares during the quarter. Amazon.com comprises 2.3% of Strive Asset Management LLC's portfolio, making the stock its 7th biggest position. Strive Asset Management LLC's holdings in Amazon.com were worth $3,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Integrity Alliance LLC. grew its position in shares of Amazon.com by 524.3% in the 1st quarter. Integrity Alliance LLC. now owns 207,870 shares of the e-commerce giant's stock valued at $39,549,000 after purchasing an additional 174,572 shares during the period. Ransom Advisory Ltd acquired a new position in shares of Amazon.com in the 1st quarter valued at approximately $3,453,000. Anchor Investment Management LLC grew its position in shares of Amazon.com by 3.1% in the 1st quarter. Anchor Investment Management LLC now owns 69,876 shares of the e-commerce giant's stock valued at $13,295,000 after purchasing an additional 2,079 shares during the period. Glenview Trust co grew its position in shares of Amazon.com by 2.3% in the 1st quarter. Glenview Trust co now owns 599,159 shares of the e-commerce giant's stock valued at $113,996,000 after purchasing an additional 13,250 shares during the period. Finally, Chokshi & Queen Wealth Advisors Inc grew its position in shares of Amazon.com by 12.9% in the 1st quarter. Chokshi & Queen Wealth Advisors Inc now owns 20,103 shares of the e-commerce giant's stock valued at $3,825,000 after purchasing an additional 2,300 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 2,715 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. This represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. Insiders own 9.70% of the company's stock.

Amazon.com Trading Down 0.8%

Shares of Amazon.com stock opened at $228.15 on Friday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The stock has a market cap of $2.43 trillion, a P/E ratio of 34.78, a P/E/G ratio of 1.54 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business's 50 day moving average is $226.87 and its 200-day moving average is $208.58.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $161.80 billion. During the same quarter in the prior year, the business posted $1.26 EPS. The business's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. HSBC boosted their price objective on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Pivotal Research boosted their price objective on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Roth Capital set a $250.00 price target on Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Robert W. Baird upped their price target on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research report on Friday, June 27th. Two investment 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. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $262.87.

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.

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