Amazon.com, Inc. $AMZN Stock Sold by Ironvine Capital Partners LLC

Key Points

• Ironvine Capital Partners reduced its Amazon stake by 2.4%, selling 7,921 shares and retaining 327,318 shares worth approximately $78 million. Amazon remains the firm’s second-largest holding, representing 6.8% of its portfolio.
• Amazon reported strong quarterly results, with EPS of $5.75 and revenue of $200.61 billion, beating estimates and increasing revenue 19.6% year over year. Institutional investors own 72.2% of the company, while insiders have recently sold shares under pre-arranged trading plans.
• Wall Street remains bullish, with 56 analysts rating Amazon a Buy and an average price target of $321.63. Recent growth initiatives include AWS’s multiyear, billion-dollar-plus Synopsys chip-design deal and a 20-year nuclear power agreement supporting data-center expansion.

Ironvine Capital Partners LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 327,318 shares of the e-commerce giant's stock after selling 7,921 shares during the quarter. Amazon.com accounts for about 6.8% of Ironvine Capital Partners LLC's holdings, making the stock its 2nd biggest position. Ironvine Capital Partners LLC's holdings in Amazon.com were worth $78,013,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Auto Owners Insurance Co grew its stake in Amazon.com by 27,376.7% in the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock valued at $2,272,397,000 after purchasing an additional 98,090,585 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Amazon.com during the 2nd quarter valued at about $22,218,775,000. Bank of New York Mellon Corp bought a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $16,341,405,000. Legal & General Group Plc bought a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $12,831,376,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Amazon.com in the second quarter worth approximately $6,631,466,000. Institutional investors and hedge funds own 72.20% of the company's stock.

More Amazon.com News

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

• Positive Sentiment: Rosenblatt raised its price target to $360 from $335 and maintained a Buy rating, implying roughly 46% upside. The firm said concerns that Meta’s Muse and OpenAI’s Dots could displace Amazon’s retail and advertising businesses are overstated. How Amazon’s stock can fight off the AI threat and soar 46%
• Positive Sentiment: AWS agreed to a multiyear Synopsys deal worth more than $1 billion to license chip-design technology. The agreement should support Amazon’s Trainium and Graviton custom-chip efforts, potentially reducing its reliance on Nvidia processors and improving AWS economics over time. Synopsys, Amazon Web Services sign chip design licensing deal
• Positive Sentiment: Amazon signed a 20-year nuclear power agreement with Constellation Energy supporting expansion of Maryland’s Calvert Cliffs plant. The deal could help secure reliable, low-carbon electricity for Amazon’s growing data-center and AI infrastructure needs. Constellation, Amazon sign 20-year power deal
• Positive Sentiment: New consumer products and services provided additional support. Amazon launched a faster Fire TV Stick 4K with expanded Alexa+ functionality and introduced shipping tools intended to lower delivery costs for sellers of bulky products. These initiatives could support device engagement, retail activity, and marketplace participation. Amazon stock rallies on new Alexa and Fire TV abilities

Amazon.com Trading Up 1.0%

Shares of AMZN stock opened at $249.15 on Thursday. The firm has a fifty day moving average of $256.38 and a 200-day moving average of $247.94. The stock has a market cap of $2.69 trillion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 1.91 and a beta of 1.44. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same period in the previous year, the business earned $1.68 EPS. The firm's revenue was up 19.6% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 8.01 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Matthew Garman sold 14,541 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the sale, the chief executive officer owned 17,794 shares of the company's stock, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the sale, the chief executive officer owned 2,235,766 shares of the company's stock, valued at $579,085,751.66. This trade represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 70,589 shares of company stock valued at $18,329,015. 8.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent research reports. Citigroup reaffirmed a "market outperform" rating on shares of Amazon.com in a research report on Friday, August 14th. KeyCorp boosted their price target on Amazon.com from $335.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Citizens Jmp reissued a "market outperform" rating and issued a $315.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. Bank of America boosted their target price on Amazon.com from $310.00 to $320.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Telsey Advisory Group set a $335.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a research note on Friday, July 31st. Fifty-six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $321.63.

Amazon.com Profile

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

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