Beacon Harbor Wealth Advisors Inc. Sells 30,868 Shares of Amazon.com, Inc. $AMZN

Key Points

• Beacon Harbor Wealth Advisors Inc. reduced its Amazon.com holdings by 92.5% in the first quarter, owning just 2,520 shares valued at $479,000 after selling 30,868 shares.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon, totaling nearly $961 million, representing a 0.47% decrease in his shareholding.
• Amazon reported a 13.3% revenue increase year-over-year in its last quarter, topping forecasts and posting an EPS of $1.68, surpassing analyst expectations of $1.31.

Beacon Harbor Wealth Advisors Inc. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 92.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,520 shares of the e-commerce giant's stock after selling 30,868 shares during the quarter. Beacon Harbor Wealth Advisors Inc.'s holdings in Amazon.com were worth $479,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AMZN. Talisman Wealth Advisors LLC grew its stake in shares of 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 in the last quarter. SWAN Capital LLC grew its stake in shares of 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 buying an additional 55 shares in the last quarter. Hamel Associates Inc. grew its stake in shares of Amazon.com by 1.4% in the 1st quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant's stock valued at $780,000 after buying an additional 55 shares in the last quarter. CWC Advisors LLC. grew its stake in shares of Amazon.com by 3.1% in the 4th quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant's stock valued at $411,000 after buying an additional 56 shares in the last quarter. Finally, JBGlobal.com LLC grew its stake in shares of Amazon.com by 2.1% in the 1st quarter. JBGlobal.com LLC now owns 2,669 shares of the e-commerce giant's stock valued at $508,000 after buying an additional 56 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Evercore ISI restated an "outperform" rating and issued a $280.00 target price on shares of Amazon.com in a report on Wednesday, August 13th. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Citizens Jmp started coverage on Amazon.com in a report on Thursday, July 10th. They issued a "strong-buy" rating for the company. Zacks Research lowered Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective on the stock in a report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $262.87.

Amazon.com Trading Down 1.4%

Amazon.com stock traded down $3.35 during mid-day trading on Friday, hitting $232.33. The stock had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. The stock has a 50-day simple moving average of $225.74 and a two-hundred day simple moving average of $208.00. The stock has a market capitalization of $2.48 trillion, a PE ratio of 35.42, a P/E/G ratio of 1.56 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 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 posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter last year, the business earned $1.26 earnings per share. The firm'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, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 25,097,911 shares of company stock worth $5,676,032,574 in the last quarter. 9.70% of the stock is currently owned by company 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.