Bravias Capital Group LLC Cuts Stake in Amazon.com, Inc. $AMZN

Key Points

• Bravias Capital Group LLC reduced its stake in Amazon.com by 31.3%, selling 1,902 shares, bringing its total holdings to 4,168 shares worth approximately $793,000.
• Investment firm Wells Fargo raised its target price for Amazon from $238 to $245, indicating a mostly positive outlook with the stock having an average target price of $262.87 across various analysts.
• Amazon.com reported $167.70 billion in revenue for the latest quarter, exceeding estimates; the company also had a quarterly EPS of $1.68, surpassing the expected $1.31.

Bravias Capital Group LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 31.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,168 shares of the e-commerce giant's stock after selling 1,902 shares during the quarter. Bravias Capital Group LLC's holdings in Amazon.com were worth $793,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brighton Jones LLC lifted its position in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after buying an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after buying an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE lifted its position in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after buying an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new stake in Amazon.com in the 4th quarter worth approximately $2,153,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Truist Financial boosted their target price on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Jefferies Financial Group boosted their price objective on Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Zacks Research downgraded Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Cowen reiterated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, Monness Crespi & Hardt boosted their price objective on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Two investment 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 stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $262.87.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. The trade was a 26.59% 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 90 days. 9.70% of the stock is currently owned by company insiders.

Amazon.com Trading Down 1.4%

Shares of Amazon.com stock traded down $3.35 during midday trading on Friday, reaching $232.33. 36,684,807 shares of the company's stock traded hands, compared to its average volume of 32,905,296. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market cap of $2.48 trillion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.30. The stock has a 50 day moving average of $225.74 and a 200-day moving average of $208.00. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its 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. 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.