Columbia Asset Management Has $18.84 Million Stock Holdings in Amazon.com, Inc. $AMZN

Columbia Asset Management lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 32.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,850 shares of the e-commerce giant's stock after selling 40,699 shares during the quarter. Amazon.com makes up approximately 3.7% of Columbia Asset Management's portfolio, making the stock its 5th largest holding. Columbia Asset Management's holdings in Amazon.com were worth $18,835,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Requisite Capital Management LLC boosted its position in Amazon.com by 14.9% during the second quarter. Requisite Capital Management LLC now owns 2,422 shares of the e-commerce giant's stock worth $531,000 after purchasing an additional 314 shares during the period. Generali Investments CEE investicni spolecnost a.s. boosted its position in Amazon.com by 5.3% during the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 84,116 shares of the e-commerce giant's stock worth $18,454,000 after purchasing an additional 4,265 shares during the period. Cooper Financial Group boosted its position in Amazon.com by 2.1% during the second quarter. Cooper Financial Group now owns 113,054 shares of the e-commerce giant's stock worth $24,803,000 after purchasing an additional 2,302 shares during the period. Truist Financial Corp boosted its position in Amazon.com by 3.3% during the second quarter. Truist Financial Corp now owns 4,387,901 shares of the e-commerce giant's stock worth $962,662,000 after purchasing an additional 140,738 shares during the period. Finally, Powers Advisory Group LLC boosted its position in Amazon.com by 5.3% during the second quarter. Powers Advisory Group LLC now owns 5,898 shares of the e-commerce giant's stock worth $1,294,000 after purchasing an additional 298 shares during the period. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. Westpark Capital reiterated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Scotiabank increased their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 22nd. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Oppenheimer lowered their price target on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Finally, JMP Securities reissued a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $266.26.

Insiders Place Their Bets

In related news, 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 sale, the chief financial officer directly owned 49,000 shares of the company's stock, valued at $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares in the company, valued at $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,864,716 shares of company stock valued at $2,486,013,854 over the last three months. Corporate insiders own 9.70% of the company's stock.

Amazon.com Trading Down 0.4%

Shares of Amazon.com stock opened at $215.57 on Thursday. The company's 50-day moving average price is $226.02 and its 200-day moving average price is $212.21. The company has a market cap of $2.30 trillion, a price-to-earnings ratio of 32.86, a PEG ratio of 1.43 and a beta of 1.28. 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, Inc. has a 12-month low of $161.38 and a 12-month 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com 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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