Arrow Financial Corp Sells 25,833 Shares of Amazon.com, Inc. $AMZN

Key Points

• Arrow Financial Corp reduced its stake in Amazon.com by 39.6% during the first quarter, now holding 39,421 shares valued at approximately $7.5 million.
• Analysts have set new target prices for Amazon.com, with an average target of $262.87 and multiple upgrades, including an upgrade to "outperform" by BNP Paribas Exane.
• Insider transactions included Jeffrey P. Bezos selling over 2.6 million shares, resulting in a 0.3% decrease in his ownership, while insiders collectively sold around 25 million shares in the last quarter.

Arrow Financial Corp lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 39.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,421 shares of the e-commerce giant's stock after selling 25,833 shares during the quarter. Amazon.com accounts for approximately 0.8% of Arrow Financial Corp's investment portfolio, making the stock its 26th biggest position. Arrow Financial Corp's holdings in Amazon.com were worth $7,500,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMZN. Norges Bank bought a new stake in shares of Amazon.com in the fourth quarter valued at about $27,266,582,000. GAMMA Investing LLC raised its stake in Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Capital World Investors raised its stake in Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. raised its stake in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. Finally, Capital International Investors raised its stake in Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,784 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $232.32, for a total value of $1,111,418.88. Following the sale, the chief executive officer directly owned 510,255 shares in the company, valued at $118,542,441.60. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,012,284 shares of company stock worth $5,656,976,492 over the last quarter. 9.70% of the stock is currently owned by company insiders.

Amazon.com Trading Up 3.0%

Shares of Amazon.com stock traded up $6.6690 on Friday, hitting $228.6190. The stock had a trading volume of 23,563,066 shares, compared to its average volume of 44,459,570. The stock has a 50 day moving average of $222.30 and a 200 day moving average of $208.35. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market capitalization of $2.44 trillion, a P/E ratio of 34.82, a PEG ratio of 1.51 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $161.80 billion. During the same period in the prior year, the business 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. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Tigress Financial boosted their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research note on Friday, June 27th. BMO Capital Markets boosted their target price on Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Wall Street Zen raised Amazon.com from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Wedbush boosted their target price on Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of "Buy" and a consensus price target of $262.87.

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.