Amazon.com, Inc. $AMZN Stock Position Reduced by Arete Wealth Advisors LLC

Key Points

• Arete Wealth Advisors cut its Amazon position by 37.8% in the first quarter, selling 30,863 shares and retaining 50,793 shares valued at approximately $10.6 million.
• Amazon insiders sold 77,867 shares worth about $20.5 million over the past 90 days, while institutional investors and hedge funds collectively own 72.2% of the stock.
• Investor sentiment remains broadly positive: Amazon beat quarterly earnings and revenue estimates, and analysts maintain a consensus “Moderate Buy” rating with a $322.56 target price.

Arete Wealth Advisors LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 37.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,793 shares of the e-commerce giant's stock after selling 30,863 shares during the quarter. Arete Wealth Advisors LLC's holdings in Amazon.com were worth $10,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. MilWealth Group LLC boosted its position in Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock valued at $41,000 after purchasing an additional 79 shares during the period. Lifetime Wealth Management P.C. bought a new position in shares of Amazon.com during the fourth quarter worth about $45,000. Elkhorn Partners Limited Partnership grew its position in shares of Amazon.com by 900.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock worth $46,000 after acquiring an additional 180 shares during the last quarter. Fairway Wealth LLC increased its holdings in shares of Amazon.com by 95.6% in the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 108 shares during the period. Finally, Bridge Generations Wealth Management LLC increased its holdings in shares of Amazon.com by 2,330.0% in the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock worth $53,000 after acquiring an additional 233 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 9,270 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $268.53, for a total value of $2,489,273.10. Following the sale, the senior vice president directly owned 41,190 shares in the company, valued at $11,060,750.70. The trade was a 18.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $278.39, for a total transaction of $278,390.00. Following the sale, the chief executive officer directly owned 483,527 shares of the company's stock, valued at approximately $134,609,081.53. This represents a 0.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,867 shares of company stock worth $20,532,092 in the last ninety days. Insiders own 8.90% of the company's stock.

Key Stories Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon’s recent earnings breakout is attracting continued investor interest. Renewed AWS growth and accelerating AI demand could support earnings momentum and a post-earnings drift higher. Amazon: A Post-Earnings Drift Candidate
• Positive Sentiment: Analysts and market commentators point to accelerating cloud revenue as a potential long-term driver that could help Amazon grow beyond its recently achieved $3 trillion market capitalization. Amazon Just Joined the $3 Trillion Club
• Positive Sentiment: A reported institutional and retail “Power Inflow” alert provided a short-term bullish trading signal, helping reinforce buying momentum in AMZN. Amazon Shares Up After Key Trading Signal
• Positive Sentiment: Amazon’s Zoox robotaxi subsidiary began paid rides in Las Vegas after receiving a federal commercial exemption, marking a meaningful commercialization milestone for the company’s autonomous-vehicle investment. Zoox to Begin Paid Rides
• Positive Sentiment: Amazon Pharmacy is offering eligible Medicare patients access to certain weight-loss drugs for $50 per month, potentially expanding customer engagement and the company’s healthcare presence. Amazon Pharmacy Rolls Out Low-Cost Weight-Loss Drugs

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Roth Capital reissued a "buy" rating and set a $325.00 target price on shares of Amazon.com in a research note on Monday, August 3rd. China Renaissance boosted their price objective on Amazon.com from $300.00 to $326.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Wedbush increased their price objective on Amazon.com from $293.00 to $310.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $325.00 target price (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Susquehanna reiterated a "positive" rating and set a $325.00 price target (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $322.56.

Amazon.com Stock Up 1.3%

AMZN opened at $278.09 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The company has a market capitalization of $3.00 trillion, a PE ratio of 22.37, a P/E/G ratio of 1.83 and a beta of 1.45. The stock's fifty day moving average is $246.69 and its 200-day moving average is $237.78. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The company's quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the business posted $1.68 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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