Amazon.com, Inc. $AMZN Stake Trimmed by SeaCrest Wealth Management LLC

Key Points

• SeaCrest Wealth Management LLC has reduced its stake in Amazon.com, Inc. by 8.7%, owning 90,653 shares valued at approximately $19.89 million by the end of the last quarter.
• Amazon reported earnings of $1.68 per share for the recent quarter, surpassing expectations and showing a 13.3% increase in revenue compared to the previous year.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon, marking a significant transaction valued at nearly $961 million.

SeaCrest Wealth Management LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,653 shares of the e-commerce giant's stock after selling 8,642 shares during the quarter. Amazon.com accounts for approximately 2.2% of SeaCrest Wealth Management LLC's holdings, making the stock its 7th biggest holding. SeaCrest Wealth Management LLC's holdings in Amazon.com were worth $19,888,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Brighton Jones LLC raised its position in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after acquiring an additional 986 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after acquiring an additional 54,987 shares during the period. Highview Capital Management LLC DE increased its position in shares of Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after acquiring an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $2,153,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.7%

Shares of Amazon.com stock opened at $219.78 on Friday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm has a market capitalization of $2.34 trillion, a PE ratio of 33.50, a P/E/G ratio of 1.47 and a beta of 1.30. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm's 50-day moving average price is $227.44 and its 200 day moving average price is $210.23.

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. 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 in the prior year, the company earned $1.26 EPS. 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. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on AMZN shares. Susquehanna raised their target price on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Thursday, September 11th. Cowen reaffirmed a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, JMP Securities reiterated a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $264.04.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 21,997,911 shares of company stock valued at $4,989,630,574. Corporate 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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