Sunpointe LLC Sells 2,407 Shares of Amazon.com, Inc. $AMZN

Key Points

• Sunpointe LLC has reduced its stake in Amazon.com by 10.8%, selling 2,407 shares and now holding a total of 19,792 shares, valued at approximately $3.77 million.
• Several brokerages have updated their price targets for Amazon.com, with Susquehanna raising their target from $225 to $260, indicating a generally positive outlook from analysts.
• Jeffrey P. Bezos sold over 4.27 million shares of Amazon for approximately $960.7 million, reducing his ownership by 0.47%.

Sunpointe LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,792 shares of the e-commerce giant's stock after selling 2,407 shares during the quarter. Amazon.com comprises approximately 2.0% of Sunpointe LLC's holdings, making the stock its 12th largest holding. Sunpointe LLC's holdings in Amazon.com were worth $3,766,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Woodard & Co. Asset Management Group Inc. ADV raised its stake in Amazon.com by 3.7% during the 1st quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 25,406 shares of the e-commerce giant's stock worth $4,834,000 after buying an additional 913 shares during the period. Eagle Bluffs Wealth Management LLC raised its stake in Amazon.com by 1.5% during the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 8,670 shares of the e-commerce giant's stock worth $1,650,000 after buying an additional 125 shares during the period. Prosperity Consulting Group LLC raised its stake in Amazon.com by 1.0% during the 1st quarter. Prosperity Consulting Group LLC now owns 84,377 shares of the e-commerce giant's stock worth $16,054,000 after buying an additional 817 shares during the period. Vantage Financial Partners LLC raised its stake in Amazon.com by 4.3% during the 1st quarter. Vantage Financial Partners LLC now owns 6,332 shares of the e-commerce giant's stock worth $1,205,000 after buying an additional 260 shares during the period. Finally, Beacon Bridge Wealth Partners LLC raised its stake in Amazon.com by 3.1% during the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 4,220 shares of the e-commerce giant's stock worth $803,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMZN. Susquehanna raised their price objective on Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Roth Capital set a $250.00 target price on Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Tigress Financial increased their target price on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $262.87.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 25,097,911 shares of company stock worth $5,675,986,299 in the last three months. 9.70% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded up $2.48 during midday trading on Thursday, reaching $231.60. The company's stock had a trading volume of 33,650,159 shares, compared to its average volume of 46,110,316. 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, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The business's 50 day moving average price is $223.48 and its two-hundred day moving average price is $208.13. The company has a market cap of $2.47 trillion, a P/E ratio of 35.30, a P/E/G ratio of 1.54 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the business earned $1.26 earnings per share. The firm'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, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.