Amazon.com, Inc. $AMZN Stock Position Lowered by Westbourne Investments Inc.

Key Points

• Westbourne Investments Inc. reduced its stake in Amazon.com by 11.8%, holding approximately 30,991 shares worth $6.8 million, which now constitutes 3.6% of its portfolio.
• Amazon.com shares were down 1.7%, trading at $227.63, with analysts projecting a positive outlook and target prices ranging between $256.00 and $270.00.
• Insider trading activity included significant share sales by SVP David Zapolsky and CFO Brian T. Olsavsky, indicating potential shifts in ownership structure, with 10.80% of stock owned by insiders.

Westbourne Investments Inc. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,991 shares of the e-commerce giant's stock after selling 4,165 shares during the period. Amazon.com accounts for approximately 3.6% of Westbourne Investments Inc.'s portfolio, making the stock its 5th largest holding. Westbourne Investments Inc.'s holdings in Amazon.com were worth $6,799,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares in the last quarter. Northern Trust Corp lifted its holdings in Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock valued at $18,527,354,000 after purchasing an additional 302,858 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Amazon.com by 14.1% during the fourth 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 valued at $14,474,471,000 after buying an additional 8,142,030 shares during the period. Nuveen LLC purchased a new position in shares of Amazon.com during the first quarter valued at approximately $11,674,091,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Amazon.com by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant's stock valued at $11,461,952,000 after buying an additional 605,415 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 1.7%

Shares of NASDAQ AMZN opened at $227.63 on Tuesday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm has a market cap of $2.43 trillion, a price-to-earnings ratio of 34.70, a PEG ratio of 1.55 and a beta of 1.31. 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's 50-day simple moving average is $227.85 and its 200-day simple moving average is $209.69.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) 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 company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the business earned $1.26 EPS. Amazon.com's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AMZN shares. HSBC upped their price objective on shares of Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Susquehanna increased their target price on Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Truist Financial raised their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Piper Sandler raised their target price on shares of Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Amazon.com in a research report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $263.30.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. 10.80% of the stock is owned by insiders.

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.

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