Picton Mahoney Asset Management Sells 23,442 Shares of Amazon.com, Inc. $AMZN

Key Points

• Picton Mahoney Asset Management reduced its stake in Amazon.com, Inc. by 8.8%, owning 243,251 shares after selling 23,442 shares in the first quarter.
• Amazon.com reported a 13.3% increase in revenue year-over-year, totaling $167.70 billion, and earnings per share of $1.68, surpassing analysts' expectations.
• Insider trading activity shows significant sales, with CEO Douglas J. Herrington and CFO Brian T. Olsavsky selling 6,835 and 17,750 shares, respectively, indicating a decrease in their ownership stakes.

Picton Mahoney Asset Management decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 243,251 shares of the e-commerce giant's stock after selling 23,442 shares during the period. Amazon.com makes up approximately 0.8% of Picton Mahoney Asset Management's holdings, making the stock its 8th largest position. Picton Mahoney Asset Management's holdings in Amazon.com were worth $46,281,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AMZN. Brighton Jones LLC boosted its stake in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares during the period. Revolve Wealth Partners LLC raised its holdings in 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 purchasing an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in 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 purchasing an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE raised its holdings in 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 purchasing an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new position in Amazon.com during the fourth quarter worth about $2,153,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on AMZN shares. Morgan Stanley reissued an "overweight" rating and set a $300.00 price target on shares of Amazon.com in a report on Thursday, August 14th. Tigress Financial increased their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Cowen reissued a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. BMO Capital Markets increased their price target on shares of Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $262.87.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 6,835 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.62, for a total value of $1,514,772.70. Following the sale, the chief executive officer directly owned 520,507 shares in the company, valued at $115,354,761.34. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,095,411 shares of company stock valued at $5,675,473,849. Corporate insiders own 10.80% of the company's stock.

Amazon.com Price Performance

Shares of AMZN stock traded down $2.60 during trading hours on Monday, hitting $229.00. The company's stock had a trading volume of 26,167,914 shares, compared to its average volume of 37,773,448. The business has a fifty day moving average of $224.66 and a 200-day moving average of $207.80. The stock has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

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

Amazon.com 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.