Ascent Group LLC Has $28.25 Million Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Ascent Group LLC has reduced its holdings in Amazon.com, Inc. by 10% in the second quarter, now owning 128,766 shares worth approximately $28.25 million.
• Institutional investors possess 72.20% of Amazon's stock, with major changes including Kingstone Capital Partners increasing its stake significantly by over 542,733%.
• Wall Street analysts remain optimistic on Amazon, with an average rating of "Buy" and a price target increase from Goldman Sachs to $275.

Ascent Group LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 128,766 shares of the e-commerce giant's stock after selling 14,305 shares during the period. Amazon.com makes up 1.1% of Ascent Group LLC's portfolio, making the stock its 18th largest position. Ascent Group LLC's holdings in Amazon.com were worth $28,250,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its holdings in Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock worth $29,100,194,000 after buying an additional 132,616,953 shares during the period. Nuveen LLC bought a new stake in shares of Amazon.com during the first quarter worth $11,674,091,000. Goldman Sachs Group Inc. increased its position in shares of Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock worth $11,017,657,000 after acquiring an additional 10,176,835 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the period. Finally, Amundi lifted its position in Amazon.com by 15.1% in the 1st quarter. Amundi now owns 55,337,037 shares of the e-commerce giant's stock valued at $9,884,098,000 after acquiring an additional 7,267,277 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMZN. The Goldman Sachs Group lifted their price target on Amazon.com from $240.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. Jefferies Financial Group reiterated a "buy" rating on shares of Amazon.com in a report on Thursday, September 11th. Pivotal Research boosted their target price on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Evercore ISI reaffirmed an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a research report on Wednesday, August 13th. Finally, Westpark Capital reiterated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of "Buy" and an average price target of $266.26.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 17,785 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the transaction, the chief executive officer directly owned 3,138 shares in the company, valued at approximately $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares in the company, valued at approximately $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 6,591,479 shares of company stock valued at $1,512,698,663 in the last 90 days. Company insiders own 10.80% of the company's stock.

Amazon.com Trading Down 0.7%

NASDAQ AMZN opened at $213.04 on Monday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $225.66 and a 200-day moving average of $212.88. The company has a market cap of $2.27 trillion, a PE ratio of 32.48, a PEG ratio of 1.41 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.

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