Checchi Capital Advisers LLC Cuts Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Checchi Capital Advisers LLC reduced its holdings in Amazon.com by 1.7%, now owning 78,983 shares valued at approximately $17.3 million, making it the fund's 20th largest holding.
• Amazon.com’s stock has a consensus rating of "Buy" from analysts, with a target price averaging around $267.27, while its last reported earnings showed a notable increase in revenue year-over-year by 13.3%.
• Insiders at Amazon.com have sold a total of 2.7 million shares over the past three months, representing a significant amount of stock valued at over $630 million.

Checchi Capital Advisers LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,983 shares of the e-commerce giant's stock after selling 1,364 shares during the quarter. Amazon.com accounts for approximately 1.0% of Checchi Capital Advisers LLC's portfolio, making the stock its 20th largest holding. Checchi Capital Advisers LLC's holdings in Amazon.com were worth $17,328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC raised its stake in Amazon.com by 542,733.6% in the 2nd 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 acquiring an additional 132,616,953 shares during the period. Nuveen LLC bought a new stake in Amazon.com in the 1st quarter valued at about $11,674,091,000. Goldman Sachs Group Inc. raised its stake in Amazon.com by 21.3% in the 1st 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 acquiring an additional 10,176,835 shares during the period. Vanguard Group Inc. raised its stake in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares during the period. Finally, Amundi increased its position in shares of Amazon.com by 15.1% during the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant's stock valued at $9,884,098,000 after buying an additional 7,267,277 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMZN shares. Citizens Jmp started coverage on Amazon.com in a research report on Thursday, July 10th. They set a "strong-buy" rating on the stock. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. JMP Securities reissued a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Jefferies Financial Group reissued a "buy" rating on shares of Amazon.com in a report on Monday. Finally, BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective for the company in a report on Friday, June 27th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Amazon.com has an average rating of "Buy" and a consensus target price of $267.27.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $222.03 on Wednesday. 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 market cap of $2.37 trillion, a PE ratio of 33.85, a P/E/G ratio of 1.43 and a beta of 1.28. The business has a 50 day moving average of $225.57 and a 200 day moving average of $213.26. 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 announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Friday, August 22nd. The stock was 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 of the company's stock, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,741,053 shares of company stock valued at $630,824,413 over the last three months. 10.80% of the stock is owned by insiders.

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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