Amazon.com, Inc. $AMZN Stock Sold by Natural Investments LLC

Key Points

• Natural Investments LLC reduced its Amazon stake by 72.5% in the second quarter, selling 15,422 shares and retaining 5,844 shares valued at $1.39 million. Institutional investors collectively own 72.2% of Amazon’s outstanding stock.
• Wall Street remains bullish on Amazon: 56 analysts rate the stock Buy and three rate it Hold, resulting in a consensus “Moderate Buy” rating and a $321.63 price target.
• Amazon’s latest quarter exceeded expectations, with $5.75 in earnings per share and $200.61 billion in revenue, up 19.6% year over year. Company insiders sold $18.3 million of stock over the past 90 days, primarily through pre-arranged trading plans.

Natural Investments LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 72.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,844 shares of the e-commerce giant's stock after selling 15,422 shares during the quarter. Natural Investments LLC's holdings in Amazon.com were worth $1,392,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AMZN. Auto Owners Insurance Co raised its stake in Amazon.com by 27,376.7% during the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares during the period. Bank of America Corp DE acquired a new position in Amazon.com in the 2nd quarter valued at about $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $16,341,405,000. Amundi grew its stake in shares of Amazon.com by 14.1% in the 1st quarter. Amundi now owns 61,400,503 shares of the e-commerce giant's stock valued at $12,787,883,000 after buying an additional 7,590,952 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Amazon.com by 3.3% during the 4th quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant's stock worth $13,757,993,000 after buying an additional 1,879,630 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMZN. Bank of America lifted their price target on shares of Amazon.com from $310.00 to $320.00 and gave the company a "buy" rating in a research report on Friday, July 31st. JPMorgan Chase & Co. raised their target price on Amazon.com from $330.00 to $365.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Benchmark lifted their target price on Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Morgan Stanley restated an "overweight" rating and issued a $335.00 target price (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Roth Capital reaffirmed a "buy" rating and issued a $325.00 price target on shares of Amazon.com in a research note on Monday, August 3rd. Fifty-six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.63.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 9,258 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the transaction, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. This trade represents a 18.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of Amazon.com stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of the transaction, the chief financial officer directly owned 109,207 shares of the company's stock, valued at approximately $28,427,674.17. This represents a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 70,589 shares of company stock worth $18,329,015 over the last ninety days. Company insiders own 8.90% of the company's stock.

Amazon.com Stock Up 1.0%

Shares of NASDAQ AMZN opened at $249.15 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The business's 50 day moving average is $256.38 and its two-hundred day moving average is $247.94. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The firm has a market cap of $2.69 trillion, a price-to-earnings ratio of 20.04, a PEG ratio of 1.91 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. During the same period last year, the business posted $1.68 earnings per share. The company's quarterly revenue was up 19.6% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 8.01 EPS for the current year.

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 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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