Amazon.com, Inc. $AMZN Stake Cut by Sheets Smith Wealth Management

Key Points

• Sheets Smith Wealth Management has decreased its stake in Amazon by 2.6%, now holding 93,373 shares, accounting for 2.4% of its investment portfolio.
• Several institutional investors, including Waycross Partners LLC and Hyperion Asset Management Ltd, have increased their stakes in Amazon, showing strong interest in the stock.
• Wall Street analysts are optimistic, with multiple upgrades and a consensus price target of $266.26 for Amazon, suggesting continued growth potential.

Sheets Smith Wealth Management decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 93,373 shares of the e-commerce giant's stock after selling 2,482 shares during the period. Amazon.com accounts for 2.4% of Sheets Smith Wealth Management's investment portfolio, making the stock its 4th largest position. Sheets Smith Wealth Management's holdings in Amazon.com were worth $20,485,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Waycross Partners LLC increased its stake in Amazon.com by 2.8% in the 2nd quarter. Waycross Partners LLC now owns 207,968 shares of the e-commerce giant's stock worth $45,626,000 after acquiring an additional 5,634 shares during the last quarter. LVZ Inc. increased its stake in Amazon.com by 3.5% in the 2nd quarter. LVZ Inc. now owns 12,807 shares of the e-commerce giant's stock worth $2,810,000 after acquiring an additional 436 shares during the last quarter. MCF Advisors LLC increased its stake in Amazon.com by 1.4% in the 2nd quarter. MCF Advisors LLC now owns 19,407 shares of the e-commerce giant's stock worth $4,258,000 after acquiring an additional 277 shares during the last quarter. Hyperion Asset Management Ltd increased its stake in Amazon.com by 4.3% in the 2nd quarter. Hyperion Asset Management Ltd now owns 1,235,431 shares of the e-commerce giant's stock worth $271,041,000 after acquiring an additional 51,196 shares during the last quarter. Finally, Unified Investment Management increased its stake in Amazon.com by 2.0% in the 2nd quarter. Unified Investment Management now owns 8,016 shares of the e-commerce giant's stock worth $1,759,000 after acquiring an additional 161 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded Amazon.com from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $245.00 to $280.00 in a research note on Wednesday, September 24th. Piper Sandler upped their target price on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective on the stock in a research report on Friday, June 27th. Cowen reiterated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, The Goldman Sachs Group increased their price objective on Amazon.com from $240.00 to $275.00 and gave the company a "buy" rating in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of "Buy" and a consensus price target of $266.26.

Amazon.com Trading Down 1.3%

NASDAQ AMZN opened at $219.51 on Friday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a 50 day simple moving average of $226.55 and a two-hundred day simple moving average of $211.02. The stock has a market cap of $2.34 trillion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share 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 business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter last year, the business posted $1.26 EPS. The business's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 20,845,122 shares of company stock valued at $4,731,747,929. Company 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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