Amazon.com, Inc. $AMZN is AustralianSuper Pty Ltd's 2nd Largest Position

AustralianSuper Pty Ltd reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,211,221 shares of the e-commerce giant's stock after selling 1,821,299 shares during the quarter. Amazon.com comprises about 6.7% of AustralianSuper Pty Ltd's portfolio, making the stock its 2nd largest position. AustralianSuper Pty Ltd owned about 0.06% of Amazon.com worth $1,181,747,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMZN. Western Wealth Management LLC boosted its stake in shares of Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $749,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at approximately $514,000. Segall Bryant & Hamill LLC boosted its stake in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Finally, Bearing Point Capital LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $12,014,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 1.7%

Shares of Amazon.com stock traded down $3.7930 during trading on Wednesday, reaching $224.2170. 19,696,742 shares of the company traded hands, compared to its average volume of 44,564,785. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a 50 day moving average price of $221.91 and a 200-day moving average price of $208.35. The firm has a market capitalization of $2.39 trillion, a PE ratio of 34.19, a P/E/G ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) 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 company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 EPS. 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, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 25,025,854 shares of company stock worth $5,659,723,195 in the last 90 days. Corporate insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AMZN shares. Citizens Jmp started coverage on shares of Amazon.com in a research note on Thursday, July 10th. They issued a "strong-buy" rating on the stock. Westpark Capital reiterated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Canaccord Genuity Group reiterated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Cowen reiterated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, Bank of America lifted their target price 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 analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $262.87.

About Amazon.com

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.