Cary Street Partners Financial LLC Cuts Position in Amazon.com, Inc. $AMZN

Key Points

• Cary Street Partners Financial LLC reduced its stake in Amazon.com, Inc. by 2.3%, owning 203,059 shares valued at approximately $38.63 million.
• Significant institutional investment is noted, with 72.20% of Amazon's stock owned by institutional investors, and several large firms increasing their holdings in the last quarter.
• Amazon's stock price decreased by 1.4% to $232.33, despite reporting a strong earnings per share of $1.68 for the last quarter, surpassing analysts' expectations.

Cary Street Partners Financial LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 203,059 shares of the e-commerce giant's stock after selling 4,708 shares during the quarter. Amazon.com comprises 1.2% of Cary Street Partners Financial LLC's investment portfolio, making the stock its 9th largest holding. Cary Street Partners Financial LLC's holdings in Amazon.com were worth $38,634,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Western Wealth Management LLC boosted its position in Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after purchasing an additional 1,297 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in Amazon.com during the first quarter worth approximately $514,000. Bearing Point Capital LLC bought a new stake in Amazon.com during the fourth quarter worth approximately $12,014,000. Evergreen Capital Management LLC boosted its position in Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares during the period. Finally, Keyvantage Wealth LLC bought a new stake in Amazon.com during the fourth quarter worth approximately $2,735,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $1.83 during midday trading on Monday, reaching $234.16. The company's stock had a trading volume of 5,809,098 shares, compared to its average volume of 43,688,574. The business's fifty day simple moving average is $225.74 and its 200-day simple moving average is $207.90. The company has a market capitalization of $2.50 trillion, a P/E ratio of 35.71, a P/E/G ratio of 1.56 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 debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

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 (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 firm had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter last year, the business earned $1.26 earnings per share. The company'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 research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on AMZN. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a research note on Friday, June 27th. Monness Crespi & Hardt upped their target price on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Cantor Fitzgerald upped their target price on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Stifel Nicolaus upped their target price on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, Robert W. Baird upped their target price on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $262.87.

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.