Cape ANN Savings Bank Trims Stake in Amazon.com, Inc. $AMZN

Key Points

• Cape ANN Savings Bank has decreased its holdings in Amazon.com by 8.6% in the 1st quarter, now owning 16,152 shares valued at approximately $3.07 million.
• Insider Jeffrey P. Bezos sold over 4 million shares of Amazon, worth about $960 million, bringing his remaining shares to 897 million with a total value of over $201 billion.
• Amazon's stock received multiple upgrades from analysts, with an average rating of "Buy" and a consensus price target increasing to $262.87.

Cape ANN Savings Bank trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,152 shares of the e-commerce giant's stock after selling 1,521 shares during the period. Amazon.com accounts for 1.9% of Cape ANN Savings Bank's investment portfolio, making the stock its 12th biggest position. Cape ANN Savings Bank's holdings in Amazon.com were worth $3,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMZN. Bare Financial Services Inc raised its position in Amazon.com by 5.4% in the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant's stock worth $177,000 after purchasing an additional 48 shares during the period. Talisman Wealth Advisors LLC grew its holdings in 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 worth $1,020,000 after acquiring an additional 53 shares during the last quarter. SWAN Capital LLC grew its holdings in Amazon.com by 3.1% in the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock worth $396,000 after acquiring an additional 55 shares during the last quarter. Hamel Associates Inc. grew its holdings in Amazon.com by 1.4% in the 1st quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant's stock worth $780,000 after acquiring an additional 55 shares during the last quarter. Finally, CWC Advisors LLC. boosted its stake in shares of Amazon.com by 3.1% during the 4th quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant's stock valued at $411,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last quarter. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMZN shares. Robert W. Baird lifted their target price on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Jefferies Financial Group boosted their price objective on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Finally, Stifel Nicolaus lifted their target price on shares of Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com Price Performance

Shares of AMZN traded up $3.28 during mid-day trading on Monday, reaching $231.43. The stock had a trading volume of 33,192,787 shares, compared to its average volume of 32,656,170. The firm has a market cap of $2.47 trillion, a price-to-earnings ratio of 35.28, a PEG ratio of 1.53 and a beta of 1.31. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The business has a fifty day moving average of $227.03 and a 200 day moving average of $208.71. 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 (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. Amazon.com's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current 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.