Amazon.com, Inc. $AMZN Shares Sold by World Equity Group Inc.

Key Points

• World Equity Group Inc. reduced its stake in Amazon.com by 3.7%, owning 30,700 shares valued at approximately $6.73 million as of the latest reporting period.
• Amazon reported $167.70 billion in revenue and earnings per share of $1.68 for the last quarter, exceeding analyst expectations.
• Analysts maintain a consensus rating of "Buy" for Amazon stock, with an average target price of $266.26.

World Equity Group Inc. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,700 shares of the e-commerce giant's stock after selling 1,192 shares during the quarter. Amazon.com makes up about 1.8% of World Equity Group Inc.'s holdings, making the stock its 9th largest holding. World Equity Group Inc.'s holdings in Amazon.com were worth $6,735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Carderock Capital Management Inc. acquired a new stake in Amazon.com during the second quarter worth $27,000. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter valued at $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the first quarter valued at $40,000. Maryland Capital Advisors Inc. raised its stake in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after buying an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. acquired a new stake in shares of Amazon.com during the first quarter worth about $42,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $219.51 on Friday. The firm's 50 day moving average is $226.55 and its two-hundred day moving average is $211.02. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The firm has a market capitalization of $2.34 trillion, a P/E ratio of 33.46, a PEG ratio of 1.49 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the business earned $1.26 earnings per share. Amazon.com's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on AMZN. Stifel Nicolaus lifted their target price on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Canaccord Genuity Group reissued a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Piper Sandler upped their target price on Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wedbush reiterated an "outperform" rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, September 19th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Amazon.com in a report on Thursday, September 11th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $266.26.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com 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 transaction, the insider 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 20,845,122 shares of company stock valued at $4,731,747,929 in the last quarter. Insiders own 9.70% of the company's stock.

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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