Belpointe Asset Management LLC Reduces Holdings in Amazon.com, Inc. $AMZN

Key Points

• Belpointe Asset Management LLC has reduced its holdings in Amazon.com, Inc. by 6.8%, owning 127,832 shares valued at approximately $24.3 million.
• Amazon.com reported $1.68 earnings per share for the quarter, exceeding expectations of $1.31 and showing a 13.3% year-over-year revenue increase.
• Hedge funds currently own 72.20% of Amazon's stock, indicating significant institutional investment in the company.

Belpointe Asset Management LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,832 shares of the e-commerce giant's stock after selling 9,340 shares during the quarter. Amazon.com makes up 1.3% of Belpointe Asset Management LLC's investment portfolio, making the stock its 16th largest position. Belpointe Asset Management LLC's holdings in Amazon.com were worth $24,322,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cooksen Wealth LLC purchased a new position in Amazon.com during the 1st quarter valued at about $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com during the 1st quarter valued at about $40,000. Capitol Family Office Inc. purchased a new position in Amazon.com during the 1st quarter valued at about $42,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Amazon.com during the 1st quarter worth about $59,000. Finally, von Borstel & Associates Inc. acquired a new stake in shares of Amazon.com during the 1st quarter worth about $66,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

AMZN opened at $228.15 on Friday. The company's 50 day simple moving average is $226.87 and its 200 day simple moving average is $208.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The stock has a market capitalization of $2.43 trillion, a PE ratio of 34.78, a P/E/G ratio of 1.54 and a beta of 1.30.

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, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares of the company's stock, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last quarter. Company insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Oppenheimer decreased their price target on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Finally, Jefferies Financial Group raised their price target on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.

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