Burney Co. Cuts Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Burney Co. has reduced its position in Amazon.com, Inc. by 28.2%, now holding approximately 119,184 shares, which is valued at $22.68 million.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon, totaling nearly $960.67 million, but still retains approximately 897.72 million shares valued at over $201.81 billion.
• Analysts generally remain positive on Amazon's stock, with multiple firms setting price targets ranging from $254 to $300 and a consensus rating of "Buy."

Burney Co. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 28.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,184 shares of the e-commerce giant's stock after selling 46,898 shares during the period. Amazon.com makes up approximately 0.8% of Burney Co.'s investment portfolio, making the stock its 27th biggest holding. Burney Co.'s holdings in Amazon.com were worth $22,676,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Norges Bank purchased a new position in Amazon.com in the fourth quarter valued at $27,266,582,000. GAMMA Investing LLC grew its stake in Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Capital World Investors grew its stake in Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Capital International Investors lifted its position in 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 buying an additional 12,000,745 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Amazon.com by 14.0% during the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after buying an additional 11,926,749 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.1%

NASDAQ:AMZN traded down $0.2130 during midday trading on Monday, hitting $228.6270. 12,699,290 shares of the company were exchanged, compared to its average volume of 44,351,199. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.44 trillion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The company has a fifty day simple moving average of $222.63 and a 200 day simple moving average of $207.85.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 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 firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the prior year, the business earned $1.26 EPS. The firm's 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, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Oppenheimer reduced their price objective on Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Truist Financial increased their price target on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company increased their price target on shares of Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Piper Sandler upped their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Amazon.com currently has an average rating of "Buy" and a consensus target price of $262.87.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 4,784 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the completion of the sale, the chief executive officer directly owned 510,255 shares in the company, valued at $118,542,441.60. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,012,284 shares of company stock worth $5,656,976,492. Insiders own 10.80% of the company's stock.

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.