Coastwise Capital Group LLC Has $4.57 Million Position in Amazon.com, Inc. $AMZN

Coastwise Capital Group LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,020 shares of the e-commerce giant's stock after selling 1,390 shares during the quarter. Amazon.com comprises 3.8% of Coastwise Capital Group LLC's holdings, making the stock its 4th largest holding. Coastwise Capital Group LLC's holdings in Amazon.com were worth $4,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the fourth quarter worth approximately $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new position in Amazon.com in the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Amazon.com in the first quarter valued at approximately $40,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. BMO Capital Markets boosted their price target on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Canaccord Genuity Group reissued a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. JMP Securities reissued a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Wedbush boosted their price target on Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Bank of America boosted their price target on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Buy" and a consensus target price of $262.87.

Amazon.com Stock Down 1.7%

Amazon.com stock traded down $3.7930 during trading on Wednesday, hitting $224.2170. 19,696,742 shares of the company were exchanged, compared to its average volume of 44,564,785. The company has a market capitalization of $2.39 trillion, a P/E ratio of 34.19, a PEG ratio of 1.56 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The business's 50 day moving average is $221.91 and its 200 day moving average is $208.35. 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 quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm 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 business'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 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 25,025,854 shares of company stock valued at $5,659,723,195. 10.80% of the stock is owned by corporate insiders.

About Amazon.com

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.