Castleview Partners LLC Sells 1,271 Shares of Amazon.com, Inc. $AMZN

Key Points

• Castleview Partners LLC reduced its stake in Amazon.com, Inc. by 12.4%, selling 1,271 shares and now holding 8,973 shares valued at approximately $1,969,000.
• Institutional investors collectively own 72.20% of Amazon's stock, with significant increases from Kingstone Capital Partners and GAMMA Investing, showcasing strong investor interest.
• Analysts have set new price targets for Amazon shares, with a consensus price target of $266.26, indicating potential for growth based on recent positive earnings reports.

Castleview Partners LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,973 shares of the e-commerce giant's stock after selling 1,271 shares during the period. Amazon.com accounts for about 1.3% of Castleview Partners LLC's investment portfolio, making the stock its 17th largest position. Castleview Partners LLC's holdings in Amazon.com were worth $1,969,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its position in shares of Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock valued at $29,100,194,000 after buying an additional 132,616,953 shares during the last quarter. Nuveen LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $11,674,091,000. GAMMA Investing LLC raised its position in shares of Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock valued at $11,017,657,000 after buying an additional 10,176,835 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after buying an additional 8,913,959 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AMZN. Evercore ISI reiterated an "outperform" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Wednesday, August 13th. Piper Sandler boosted their price target on shares of Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Cantor Fitzgerald boosted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Pivotal Research boosted their price target on shares of Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a research report on Friday, June 27th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Buy" and a consensus price target of $266.26.

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 17,785 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the sale, the chief executive officer directly owned 3,138 shares of the company's stock, valued at approximately $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 18,697,459 shares of company stock valued at $4,250,847,273 over the last three months. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Up 0.6%

NASDAQ AMZN opened at $220.90 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $226.31 and a two-hundred day moving average of $211.41. The firm has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 33.67, a PEG ratio of 1.47 and a beta of 1.28. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

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, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.

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