Amazon.com, Inc. $AMZN Position Cut by Avalon Trust Co

Key Points

• Avalon Trust Co reduced its stake in Amazon.com, Inc. by 1.4%, now owning 369,031 shares worth approximately $70.2 million.
• GAMMA Investing LLC significantly increased its position in Amazon.com by 21,420.5%, owning over 30 million shares valued at about $5.75 billion.
• Analyst ratings for Amazon are positive, with a consensus rating of "Buy" and a target price of $262.87, following upgrades from firms such as Citigroup and Barclays.

Avalon Trust Co lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 369,031 shares of the e-commerce giant's stock after selling 5,123 shares during the quarter. Amazon.com accounts for about 5.6% of Avalon Trust Co's investment portfolio, making the stock its 5th biggest holding. Avalon Trust Co's holdings in Amazon.com were worth $70,212,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Manchester Capital Management LLC raised its stake in shares of Amazon.com by 0.7% in the first quarter. Manchester Capital Management LLC now owns 109,725 shares of the e-commerce giant's stock worth $20,876,000 after purchasing an additional 781 shares during the last quarter. Delta Financial Group Inc. increased its position in Amazon.com by 5.0% in the first quarter. Delta Financial Group Inc. now owns 22,925 shares of the e-commerce giant's stock worth $4,660,000 after buying an additional 1,095 shares in the last quarter. Novus Advisors LLC increased its position in Amazon.com by 3.1% in the first quarter. Novus Advisors LLC now owns 13,103 shares of the e-commerce giant's stock worth $2,493,000 after buying an additional 400 shares in the last quarter. Cheviot Value Management LLC increased its position in Amazon.com by 11.6% in the first quarter. Cheviot Value Management LLC now owns 68,662 shares of the e-commerce giant's stock worth $12,795,000 after buying an additional 7,112 shares in the last quarter. Finally, Cedar Wealth Management LLC increased its position in Amazon.com by 1.1% in the first quarter. Cedar Wealth Management LLC now owns 15,279 shares of the e-commerce giant's stock worth $2,907,000 after buying an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 over the last three months. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Amazon.com stock traded down $3.35 during midday trading on Friday, reaching $232.33. 36,684,807 shares of the stock traded hands, compared to its average volume of 32,905,296. The stock's fifty day moving average is $225.74 and its 200-day moving average is $208.13. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a market cap of $2.48 trillion, a P/E ratio of 35.42, a PEG ratio of 1.58 and a beta of 1.30. 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 (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.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 company earned $1.26 earnings per share. The firm's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citizens Jmp assumed coverage on Amazon.com in a research report on Thursday, July 10th. They issued a "strong-buy" rating for the company. Westpark Capital restated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Susquehanna upped their price target on Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Morgan Stanley reaffirmed an "overweight" rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Thursday, August 14th. Finally, Sanford C. Bernstein set a $235.00 price objective on 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 given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $262.87.

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.