Amazon.com, Inc. $AMZN Shares Sold by WBI Investments LLC

Key Points

• WBI Investments LLC reduced its holdings in Amazon.com by 29.1%, selling 3,684 shares and now owning 8,959 shares valued at approximately $1.7 million.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon, decreasing his ownership by 0.47%, while institutional investors now own 72.20% of the company's stock.
• Amazon.com reported a quarterly EPS of $1.68, exceeding estimates by $0.37, alongside a revenue of $167.70 billion, which was higher than analysts' expectations.

WBI Investments LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 29.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,959 shares of the e-commerce giant's stock after selling 3,684 shares during the period. WBI Investments LLC's holdings in Amazon.com were worth $1,705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the fourth quarter worth about $25,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com in the 1st quarter valued at approximately $40,000. Capitol Family Office Inc. acquired a new position in Amazon.com during the first quarter worth $42,000. Finally, Harbor Investment Advisory LLC raised its holdings in Amazon.com by 0.7% during the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after purchasing an additional 2,145 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AMZN shares. HSBC lifted their price target on Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Royal Bank Of Canada lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Wedbush increased their target price on Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Canaccord Genuity Group reissued a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, Truist Financial upped their price objective on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $262.87.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated 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 transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. Company insiders own 10.80% of the company's stock.

Amazon.com Trading Up 1.4%

AMZN stock traded up $3.28 on Monday, hitting $231.43. 33,192,787 shares of the company were exchanged, compared to its average volume of 32,656,170. 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 market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The business's fifty day moving average is $227.03 and its two-hundred day moving average is $208.71.

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, beating the consensus estimate 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%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com 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.