Amazon.com, Inc. $AMZN Stock Position Lowered by EFG Asset Management Americas Corp.

Key Points

• EFG Asset Management Americas Corp. reduced its stake in Amazon.com, Inc. by 1.6%, ending the quarter with 81,759 shares worth approximately $15.56 million, making Amazon its third-largest position.
• Insider selling was significant, with CEO Andrew R. Jassy selling nearly 20,000 shares and the company experiencing a total insider sale of over 25 million shares valued at approximately $5.68 billion last quarter.
• Analysts consistently rate Amazon as a "buy," with numerous brokerages issuing price targets above $260, influenced by a recent strong quarterly earnings report and positive revenue growth.

EFG Asset Management Americas Corp. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,759 shares of the e-commerce giant's stock after selling 1,342 shares during the period. Amazon.com comprises about 3.1% of EFG Asset Management Americas Corp.'s investment portfolio, making the stock its 3rd biggest holding. EFG Asset Management Americas Corp.'s holdings in Amazon.com were worth $15,555,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after buying an additional 30,104,520 shares during the last quarter. Capital World Investors boosted its stake in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Capital International Investors boosted its stake in shares of Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after buying an additional 12,000,745 shares during the last quarter. Northern Trust Corp boosted its stake in shares of 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 buying an additional 11,926,749 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Amazon.com in the 4th quarter worth $2,037,963,000. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citizens Jmp assumed coverage on Amazon.com in a research note on Thursday, July 10th. They issued a "strong-buy" rating on the stock. UBS Group restated a "buy" rating and issued a $271.00 price target (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Wedbush boosted their price objective on Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Finally, Moffett Nathanson lifted their target price on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Down 0.2%

Amazon.com stock traded down $0.54 during mid-day trading on Wednesday, reaching $224.80. 15,262,786 shares of the company were exchanged, compared to its average volume of 43,779,773. The business has a fifty day moving average of $224.91 and a 200 day moving average of $207.92. The firm has a market cap of $2.40 trillion, a P/E ratio of 34.27, a PEG ratio of 1.54 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.

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

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 6,835 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the sale, the chief executive officer directly owned 520,507 shares of the company's stock, valued at $115,354,761.34. This represents a 1.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated 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 sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,095,411 shares of company stock worth $5,675,473,849 in the last three months. Company insiders own 10.80% 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.