Amazon.com, Inc. $AMZN Shares Sold by TCW Group Inc.

Key Points

• TCW Group Inc. reduced its stake in Amazon.com, Inc. by 0.3%, holding 2,369,402 shares, which represents 4.0% of its investment portfolio and is its 3rd largest position.
• Amazon.com reported stronger-than-expected earnings for the quarter, with $1.68 EPS and revenue of $167.70 billion, surpassing estimates and marking a 13.3% increase year-over-year.
• Insider sales at Amazon.com were significant, with executives selling over 25 million shares worth nearly $5.68 billion in the last three months, representing a notable decrease in their ownership stakes.

TCW Group Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,369,402 shares of the e-commerce giant's stock after selling 7,048 shares during the period. Amazon.com accounts for 4.0% of TCW Group Inc.'s portfolio, making the stock its 3rd largest holding. TCW Group Inc.'s holdings in Amazon.com were worth $450,802,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC raised its stake in shares of Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC raised its position in Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares during the last quarter. Northern Trust Corp raised its position in Amazon.com by 14.0% in the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after purchasing an additional 11,926,749 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Amazon.com by 14.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,975,984 shares of the e-commerce giant's stock worth $14,474,471,000 after purchasing an additional 8,142,030 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction 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 completion of the transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 25,097,911 shares of company stock valued at $5,675,986,299. 9.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on AMZN shares. Cantor Fitzgerald boosted their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Wells Fargo & Company boosted their price objective on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Pivotal Research boosted their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Morgan Stanley restated an "overweight" rating and issued a $300.00 price objective on shares of Amazon.com in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of "Buy" and a consensus target price of $262.87.

Amazon.com Trading Down 1.1%

Shares of AMZN stock traded down $2.60 on Friday, hitting $229.00. The stock had a trading volume of 26,167,914 shares, compared to its average volume of 42,576,432. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm has a market cap of $2.44 trillion, a P/E ratio of 34.91, a PEG ratio of 1.54 and a beta of 1.31. 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 company has a fifty day moving average price of $224.25 and a two-hundred day moving average price of $207.95.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $161.80 billion. During the same quarter in the previous year, the business earned $1.26 EPS. The firm's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

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.