US Bancorp DE Sells 10,027 Shares of Amazon.com, Inc. $AMZN

Key Points

• US Bancorp DE reduced its stake in Amazon.com, Inc. by 0.2%, holding approximately 5.76 million shares valued at $1.1 billion, which represents about 6.9% of its portfolio.
• Recent insider sales include SVP David Zapolsky selling 13,570 shares and CEO Andrew R. Jassy selling 19,872 shares, reflecting a decrease of 23.53% and 0.90% in their respective ownership positions.
• UBS Group and other analysts maintain a "buy" rating for Amazon while projecting a price target increase, with an average target now at $262.87 amid strong quarterly earnings and a 13.3% revenue increase year-over-year.

US Bancorp DE lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,764,626 shares of the e-commerce giant's stock after selling 10,027 shares during the quarter. Amazon.com accounts for 6.9% of US Bancorp DE's investment portfolio, making the stock its 12th largest position. US Bancorp DE owned approximately 0.05% of Amazon.com worth $1,096,778,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Brighton Jones LLC grew its holdings in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after buying an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after buying an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE raised its stake in shares of Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $2,153,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMZN shares. Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. JMP Securities reissued a "market outperform" rating and set a $285.00 price target on shares of Amazon.com in a report on Friday, August 1st. Barclays boosted their price target on shares of Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, UBS Group restated a "buy" rating and set a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $262.87.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 6,835 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.62, for a total value of $1,514,772.70. Following the sale, the chief executive officer owned 520,507 shares in the company, valued at approximately $115,354,761.34. This trade represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer directly owned 49,000 shares of the company's stock, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,095,411 shares of company stock valued at $5,675,473,849 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

AMZN stock traded down $0.54 during midday trading on Wednesday, hitting $224.80. 15,262,786 shares of the company traded hands, compared to its average volume of 43,779,773. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. 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 has a 50 day simple moving average of $224.91 and a 200-day simple moving average of $207.92. The stock has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30.

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 the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.