Amazon.com, Inc. $AMZN Stake Lowered by Cozad Asset Management Inc.

Key Points

• Cozad Asset Management Inc. has reduced its stake in Amazon.com by 5.3%, now owning 94,132 shares valued at approximately $17.9 million, making it the 4th largest position in their portfolio.
• Several hedge funds significantly increased their shares in Amazon, with GAMMA Investing LLC raising its stake by over 21,420% to now control 30.2 million shares worth about $5.75 billion.
• Analysts have shown optimism, with Bank of America raising its price target for Amazon shares from $265 to $272 and many maintaining a "buy" rating amid a consensus price target of $262.87.

Cozad Asset Management Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,132 shares of the e-commerce giant's stock after selling 5,239 shares during the quarter. Amazon.com comprises about 1.8% of Cozad Asset Management Inc.'s holdings, making the stock its 4th biggest holding. Cozad Asset Management Inc.'s holdings in Amazon.com were worth $17,910,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AMZN. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $25,000. LSV Asset Management acquired a new stake in Amazon.com in the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. UBS Group reaffirmed a "buy" rating and issued a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Wall Street Zen raised shares of Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Royal Bank Of Canada raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Two 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 data from MarketBeat.com, Amazon.com presently has an average rating of "Buy" and an average price target of $262.87.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,095,411 shares of company stock worth $5,675,473,849. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of AMZN traded down $3.66 during mid-day trading on Tuesday, reaching $225.34. 38,732,076 shares of the company's stock were exchanged, compared to its average volume of 33,878,940. 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 $2.40 trillion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30. The business's fifty day simple moving average is $224.91 and its 200-day simple moving average is $207.92. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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 net margin of 10.54% and a return on equity of 23.84%. The company 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 earned $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, equities research analysts expect 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.