Amazon.com, Inc. $AMZN Stock Position Trimmed by Atalanta Sosnoff Capital LLC

Key Points

• Atalanta Sosnoff Capital LLC reduced its holdings in Amazon.com, Inc. by 8.2% in the first quarter, now owning 1,184,636 shares valued at approximately $225.39 million.
• Amazon reported earnings of $1.68 per share for the last quarter, beating estimates of $1.31 and achieving a revenue of $167.70 billion, up 13.3% from the previous year.
• Several analysts have upgraded their price targets for Amazon.com, with the average target now set at $262.87, reflecting a generally positive outlook for the stock.

Atalanta Sosnoff Capital LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,184,636 shares of the e-commerce giant's stock after selling 106,023 shares during the quarter. Amazon.com accounts for approximately 5.4% of Atalanta Sosnoff Capital LLC's portfolio, making the stock its 4th largest holding. Atalanta Sosnoff Capital LLC's holdings in Amazon.com were worth $225,389,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bare Financial Services Inc raised its position in shares of Amazon.com by 5.4% in the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant's stock valued at $177,000 after purchasing an additional 48 shares during the period. Talisman Wealth Advisors LLC grew its stake in Amazon.com by 1.2% in the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock valued at $1,020,000 after buying an additional 53 shares during the last quarter. SWAN Capital LLC raised its holdings in Amazon.com by 3.1% in the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after acquiring an additional 55 shares during the period. Hamel Associates Inc. lifted its position in Amazon.com by 1.4% during the first quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant's stock worth $780,000 after acquiring an additional 55 shares during the last quarter. Finally, CWC Advisors LLC. boosted its holdings in shares of Amazon.com by 3.1% during the fourth quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant's stock worth $411,000 after acquiring an additional 56 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on AMZN shares. Monness Crespi & Hardt lifted their price target on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Rosenblatt Securities lifted their target price on Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Susquehanna raised their price target on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Pivotal Research lifted their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com Trading Down 0.8%

Shares of NASDAQ:AMZN traded down $1.80 during midday trading on Friday, hitting $228.15. 38,434,486 shares of the stock were exchanged, compared to its average volume of 32,713,818. The stock has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 34.78, a P/E/G ratio of 1.54 and a beta of 1.30. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The business's 50-day moving average price is $226.87 and its 200 day moving average price is $208.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly 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 firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total transaction of $558,725.00. Following the completion of the transaction, the chief executive officer directly owned 518,007 shares of the company's stock, valued at $115,769,384.43. This represents a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is owned by insiders.

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.