Auto Owners Insurance Co Sells 68,000 Shares of Amazon.com, Inc. $AMZN

Auto Owners Insurance Co cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 358,300 shares of the e-commerce giant's stock after selling 68,000 shares during the quarter. Auto Owners Insurance Co's holdings in Amazon.com were worth $68,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Western Wealth Management LLC increased 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 acquiring an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth approximately $749,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $514,000. Segall Bryant & Hamill LLC raised its holdings in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after buying an additional 39,696 shares during the period. Finally, Bearing Point Capital LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $12,014,000. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,784 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the completion of the sale, the chief executive officer owned 510,255 shares of the company's stock, valued at $118,542,441.60. This trade represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction 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 sale, the insider directly owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,012,284 shares of company stock valued at $5,656,976,492. 9.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on AMZN. Royal Bank Of Canada raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Pivotal Research raised their target price on shares of Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Friday, August 1st. HSBC raised their target price on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Robert W. Baird raised their target price on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Telsey Advisory Group restated an "outperform" rating and set a $265.00 target price on shares of Amazon.com in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $262.87.

Amazon.com Price Performance

Shares of AMZN opened at $221.95 on Friday. The stock has a market capitalization of $2.37 trillion, a P/E ratio of 33.83, a P/E/G ratio of 1.51 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a 50 day moving average of $222.30 and a 200-day moving average of $208.35.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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. The company 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 firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast 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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