Cliftonlarsonallen Wealth Advisors LLC Sells 34,450 Shares of Amazon.com, Inc. $AMZN

Key Points

• Cliftonlarsonallen Wealth Advisors LLC reduced its Amazon.com holdings by 47.9%, selling 34,450 shares during the 2nd quarter, now owning a total of 37,510 shares valued at approximately $8.23 million.
• Insider Jeffrey P. Bezos sold over 4.2 million shares of Amazon for nearly $973.3 million, decreasing his ownership by 0.48%, while insider sales over the last 90 days amounted to over $2.48 billion.
• Amazon's stock is currently rated as a "Buy" by 47 analysts, with an average price target of $266.26, following recent upgrades from firms like Scotiabank and Wells Fargo.

Cliftonlarsonallen Wealth Advisors LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 47.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 37,510 shares of the e-commerce giant's stock after selling 34,450 shares during the period. Cliftonlarsonallen Wealth Advisors LLC's holdings in Amazon.com were worth $8,229,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Amazon.com by 1.1% during 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 buying an additional 8,913,959 shares during the period. Kingstone Capital Partners Texas LLC boosted its position in Amazon.com by 542,733.6% during 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 buying an additional 132,616,953 shares during the period. Northern Trust Corp boosted its position in Amazon.com by 0.3% during the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock valued at $18,527,354,000 after buying an additional 302,858 shares during the period. Nuveen LLC purchased a new stake in Amazon.com during the 1st quarter valued at $11,674,091,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Amazon.com by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant's stock valued at $11,461,952,000 after buying an additional 605,415 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $227.77, for a total value of $973,315,191.49. Following the completion of the transaction, the insider directly owned 890,273,469 shares in the company, valued at $202,777,588,034.13. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 44,110 shares of the company's stock, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,864,716 shares of company stock worth $2,486,013,854 over the last 90 days. 9.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Scotiabank increased their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company raised shares of Amazon.com from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $245.00 to $280.00 in a research report on Wednesday, September 24th. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. HSBC raised their target price on shares of Amazon.com from $256.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, September 29th. Finally, Wall Street Zen raised shares of Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Three analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Buy" and an average price target of $266.26.

Amazon.com Trading Down 0.7%

Shares of NASDAQ AMZN opened at $213.04 on Friday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The stock has a market cap of $2.27 trillion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28. The firm has a 50-day moving average of $225.66 and a 200 day moving average of $212.52. 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 the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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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