Amazon.com, Inc. $AMZN Position Cut by Beacon Investment Advisory Services Inc.

Key Points

• Beacon Investment Advisory Services Inc. reduced its stake in Amazon by 18.2% in Q1, ending up with shares valued at approximately $10.94 million.
• Amazon reported earnings per share of $1.68 for the last quarter, surpassing estimates, with a revenue of $167.70 billion, a 13.3% increase year-over-year.
• Insider trading saw significant activity, with Jeffrey P. Bezos selling over 2.6 million shares, impacting his overall holdings by 0.3%.

Beacon Investment Advisory Services Inc. decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,498 shares of the e-commerce giant's stock after selling 12,777 shares during the period. Beacon Investment Advisory Services Inc.'s holdings in Amazon.com were worth $10,940,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AMZN. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth $27,266,582,000. GAMMA Investing LLC boosted its holdings in shares of Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors boosted its holdings in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Finally, Capital International Investors boosted its holdings in shares of Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity

In related news, CEO Douglas J. Herrington sold 4,784 shares of the business's stock in a transaction dated Friday, August 15th. The stock was 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. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 883,779,901 shares of the company's stock, valued at $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 three months, insiders sold 25,012,284 shares of company stock valued at $5,656,976,492. 9.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AMZN shares. Cantor Fitzgerald raised their price objective on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Barclays lifted their target price on Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Friday, August 1st. UBS Group reiterated a "buy" rating and issued a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Royal Bank Of Canada lifted their target price on Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, Truist Financial lifted their target price on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $262.87.

Amazon.com Stock Up 3.1%

Shares of AMZN traded up $6.89 during midday trading on Friday, reaching $228.84. 37,264,095 shares of the company were exchanged, compared to its average volume of 46,830,960. The stock has a 50-day moving average price of $222.63 and a 200-day moving average price of $208.26. The company has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 1.49 and a beta of 1.31. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year 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 issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The firm's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.