Cary Street Partners Investment Advisory LLC Boosts Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Cary Street Partners Investment Advisory LLC increased its stake in Amazon.com by 19.4% during the first quarter, acquiring an additional 2,322 shares, bringing its total holdings to 14,288 shares valued at approximately $2.72 million.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon for nearly $961 million, reducing his ownership by 0.47%, while insiders have collectively sold 25 million shares valued at over $5.67 billion in the last three months.
• Amazon's stock has seen analyst upgrades, with target prices raised by multiple firms; the current consensus rating is "Buy" with a target price of $262.87, despite the stock recently trading down 1.4%.

Cary Street Partners Investment Advisory LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 19.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,288 shares of the e-commerce giant's stock after purchasing an additional 2,322 shares during the quarter. Amazon.com makes up 1.6% of Cary Street Partners Investment Advisory LLC's portfolio, making the stock its 8th biggest holding. Cary Street Partners Investment Advisory LLC's holdings in Amazon.com were worth $2,718,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the fourth quarter worth about $25,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the first quarter worth about $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the first quarter worth about $40,000. Capitol Family Office Inc. acquired a new stake in Amazon.com during the first quarter worth about $42,000. Finally, Harbor Investment Advisory LLC increased its stake in Amazon.com by 0.7% during the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 2,145 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research analyst reports. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Roth Capital set a $250.00 target price on Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. DA Davidson upped their target price on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Jefferies Financial Group upped their target price on Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Finally, Citigroup reaffirmed an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. Two 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. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Down 1.4%

NASDAQ AMZN traded down $3.35 on Friday, hitting $232.33. 36,684,807 shares of the stock traded hands, compared to its average volume of 32,905,296. The stock has a 50-day moving average of $225.74 and a 200 day moving average of $208.13. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a market capitalization of $2.48 trillion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (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 for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Amazon.com's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total value of $558,725.00. Following the sale, the chief executive officer directly owned 518,007 shares in the company, valued at $115,769,384.43. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were 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 owned 49,000 shares in the company, valued at approximately $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 over the last three months. Company insiders own 9.70% of the company's stock.

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.