Atlantic Union Bankshares Corp Sells 4,065 Shares of Amazon.com, Inc. $AMZN

Atlantic Union Bankshares Corp lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,169 shares of the e-commerce giant's stock after selling 4,065 shares during the period. Amazon.com accounts for about 1.3% of Atlantic Union Bankshares Corp's investment portfolio, making the stock its 15th largest position. Atlantic Union Bankshares Corp's holdings in Amazon.com were worth $20,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new stake in Amazon.com in the fourth quarter worth $35,000. Perritt Capital Management Inc increased its position in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Cooksen Wealth LLC bought a new stake in Amazon.com in the first quarter worth $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com in the first quarter worth $40,000. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Rosenblatt Securities boosted their price target on shares of Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Moffett Nathanson boosted their price target on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Robert W. Baird lifted their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Buy" and an average target price of $262.87.

Amazon.com Trading Down 1.7%

Shares of AMZN traded down $3.8790 during trading hours on Wednesday, reaching $224.1310. 19,696,742 shares of the company traded hands, compared to its average volume of 44,564,785. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The stock's fifty day moving average price is $221.91 and its 200 day moving average price is $208.35. The firm has a market cap of $2.39 trillion, a price-to-earnings ratio of 34.19, a PEG ratio of 1.56 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,784 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $232.32, for a total value of $1,111,418.88. Following the completion of the sale, the chief executive officer directly owned 510,255 shares of the company's stock, valued at $118,542,441.60. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction dated 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 completion of the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,025,854 shares of company stock valued at $5,659,723,195. 10.80% of the stock is owned by insiders.

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.