Amazon.com, Inc. $AMZN Shares Sold by ZWJ Investment Counsel Inc.

Key Points

• ZWJ Investment Counsel Inc. reduced its stake in Amazon.com shares by 9.6% in Q2, selling 2,302 shares, leaving them with 21,694 shares valued at approximately $4.76 million.
• Insider sales at Amazon.com included a significant transaction where CEO Andrew R. Jassy sold 19,872 shares for over $4.4 million, reflecting a decrease of 0.90% in his ownership.
• Amazon's stock currently has a market cap of $2.31 trillion and has seen a 12 month low of $161.38 and a high of $242.52, with a price-to-earnings ratio of 33.00.

ZWJ Investment Counsel Inc. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,694 shares of the e-commerce giant's stock after selling 2,302 shares during the period. ZWJ Investment Counsel Inc.'s holdings in Amazon.com were worth $4,760,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Carderock Capital Management Inc. acquired a new position in Amazon.com in the second quarter worth about $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the first quarter worth about $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the first quarter worth about $40,000. Maryland Capital Advisors Inc. grew 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 worth $46,000 after purchasing an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. acquired a new position in Amazon.com in the first quarter worth about $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,252,009 shares of company stock valued at $976,047,640 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $216.48 on Tuesday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a market cap of $2.31 trillion, a price-to-earnings ratio of 33.00, a PEG ratio of 1.41 and a beta of 1.28. The stock's 50 day moving average price is $225.56 and its 200 day moving average price is $213.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 earnings per share. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on AMZN. Monness Crespi & Hardt lifted their target price on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Morgan Stanley restated an "overweight" rating on shares of Amazon.com in a research note on Wednesday, September 10th. Cowen restated a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Scotiabank lifted their target price on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. Finally, Citizens Jmp initiated coverage on Amazon.com in a research note on Thursday, July 10th. They issued a "strong-buy" rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $266.26.

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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