Annis Gardner Whiting Capital Advisors LLC Sells 11,378 Shares of Amazon.com, Inc. $AMZN

Key Points

• Annis Gardner Whiting Capital Advisors LLC decreased its stake in Amazon.com, Inc. by 29.1%, selling 11,378 shares, and now holds 27,738 shares valued at approximately $5.28 million.
• GAMMA Investing LLC significantly increased its holdings in Amazon by 21,420.5%, now owning over 30 million shares worth approximately $5.75 billion.
• Amazon recently reported $1.68 earnings per share, surpassing estimates, and showed a 13.3% year-over-year revenue growth with quarterly revenue of $167.7 billion.

Annis Gardner Whiting Capital Advisors LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 29.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,738 shares of the e-commerce giant's stock after selling 11,378 shares during the period. Amazon.com makes up approximately 2.2% of Annis Gardner Whiting Capital Advisors LLC's portfolio, making the stock its 5th largest position. Annis Gardner Whiting Capital Advisors LLC's holdings in Amazon.com were worth $5,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $40,000. Capitol Family Office Inc. acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $42,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $59,000. Finally, von Borstel & Associates Inc. purchased a new position in shares of Amazon.com during the 1st quarter worth approximately $66,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

AMZN traded down $3.35 on Friday, reaching $232.33. The company had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The stock has a market capitalization of $2.48 trillion, a PE ratio of 35.42, a P/E/G ratio of 1.58 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $225.74 and a 200-day moving average price of $208.13.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share 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 during the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the previous year, the company earned $1.26 earnings per share. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $265.00 price objective on shares of Amazon.com in a research report on Wednesday, August 13th. DA Davidson increased their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Stifel Nicolaus increased their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Wedbush increased their price objective on shares of Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Bank of America increased their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $262.87.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574 in the last quarter. Insiders own 9.70% 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.