Torray Investment Partners LLC Sells 1,872 Shares of Amazon.com, Inc. $AMZN

Key Points

• Torray Investment Partners LLC reduced its stake in Amazon.com by 2.2%, owning 81,365 shares valued at approximately $15.48 million after selling 1,872 shares in the first quarter.
• Equity analysts have a generally positive outlook on Amazon.com, with an average target price of $262.87 and many rating the stock as a "Buy" or "Strong Buy".
• Insider sales included CEO Andrew R. Jassy selling nearly 20,000 shares for over $4.4 million, reflecting a 0.90% decrease in his ownership in the company.

Torray Investment Partners LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,365 shares of the e-commerce giant's stock after selling 1,872 shares during the period. Amazon.com accounts for 2.3% of Torray Investment Partners LLC's investment portfolio, making the stock its 14th biggest holding. Torray Investment Partners LLC's holdings in Amazon.com were worth $15,481,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in shares of Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE increased its holdings in shares of Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC bought a new position in shares of Amazon.com during the 4th quarter worth about $2,153,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other 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 value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 25,097,911 shares of company stock valued at $5,675,986,299. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

AMZN stock traded down $2.60 during trading hours on Friday, reaching $229.00. The stock had a trading volume of 26,167,914 shares, compared to its average volume of 37,773,448. The stock has a market capitalization of $2.44 trillion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a 50-day simple moving average of $224.25 and a 200 day simple moving average of $207.95. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results 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. The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on AMZN. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. BMO Capital Markets upped their target price on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Morgan Stanley reissued an "overweight" rating and issued a $300.00 target price on shares of Amazon.com in a research note on Thursday, August 14th. Finally, Wells Fargo & Company upped their target price on shares of Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price 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.