Ameritas Advisory Services LLC Reduces Holdings in Amazon.com, Inc. $AMZN

Key Points

• Ameritas Advisory Services LLC reduced its holdings in Amazon.com by 40.6% during the 2nd quarter, decreasing to 60,555 shares valued at approximately $13.29 million.
• CEO Andrew R. Jassy sold nearly 20,000 shares of Amazon stock, representing a 0.90% decrease in his ownership of the company.
• Research firms maintain a consensus "Buy" rating for Amazon, with price targets ranging from $240 to $285, reflecting positive outlooks for the stock's performance.

Ameritas Advisory Services LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 40.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,555 shares of the e-commerce giant's stock after selling 41,390 shares during the period. Amazon.com comprises approximately 0.7% of Ameritas Advisory Services LLC's holdings, making the stock its 25th biggest holding. Ameritas Advisory Services LLC's holdings in Amazon.com were worth $13,285,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. acquired a new position in Amazon.com during the 2nd quarter worth $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com during the 1st quarter worth $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com during the 1st quarter worth $40,000. Capitol Family Office Inc. acquired a new position in Amazon.com during the 1st quarter worth $42,000. Finally, Maryland Capital Advisors Inc. boosted its holdings in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after buying an additional 95 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares of the company's stock, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,591,479 shares of company stock worth $1,512,698,663. Insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMZN. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Bank of America lifted their price target on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a report on Friday, August 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a report on Friday, August 1st. The Goldman Sachs Group lifted their price target on shares of Amazon.com from $240.00 to $275.00 and gave the company a "buy" rating in a report on Friday, October 3rd. Finally, Oppenheimer decreased their price target on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $266.26.

Amazon.com Stock Performance

Amazon.com stock opened at $213.04 on Monday. The firm's 50 day simple moving average is $225.66 and its 200-day simple moving average is $212.88. The company has a market cap of $2.27 trillion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm 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 firm posted $1.26 earnings per share. The firm's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com 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.

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