Amazon.com, Inc. $AMZN Stock Position Lowered by Commonwealth Retirement Investments LLC

Key Points

• Commonwealth Retirement Investments LLC reduced its stake in Amazon.com by 42.5%, selling 2,053 shares and leaving it with 2,777 shares valued at $528,000.
• Several institutional investors increased their holdings in Amazon.com, with Plan Group Financial LLC boosting its stake by 242.0% in the first quarter.
• Amazon.com's stock recently traded down 1.4% to $232.33, with a 12-month range between $161.38 and $242.52, while the company reported quarterly earnings of $1.68 per share, exceeding estimates.

Commonwealth Retirement Investments LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 42.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,777 shares of the e-commerce giant's stock after selling 2,053 shares during the quarter. Commonwealth Retirement Investments LLC's holdings in Amazon.com were worth $528,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Talisman Wealth Advisors LLC increased its holdings in Amazon.com by 1.2% during the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock worth $1,020,000 after purchasing an additional 53 shares during the last quarter. SWAN Capital LLC increased its holdings in shares of Amazon.com by 3.1% in the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after acquiring an additional 55 shares during the last quarter. Hamel Associates Inc. increased its holdings in shares of Amazon.com by 1.4% in the 1st quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant's stock valued at $780,000 after acquiring an additional 55 shares during the last quarter. CWC Advisors LLC. increased its holdings in shares of Amazon.com by 3.1% in the 4th quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant's stock valued at $411,000 after acquiring an additional 56 shares during the last quarter. Finally, JBGlobal.com LLC increased its holdings in shares of Amazon.com by 2.1% in the 1st quarter. JBGlobal.com LLC now owns 2,669 shares of the e-commerce giant's stock valued at $508,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the 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 of the company's stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 over the last ninety days. Corporate insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an "outperform" rating in a report on Tuesday, July 1st. Susquehanna boosted their price target on Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a report on Friday, August 1st. Needham & Company LLC reiterated a "buy" rating and issued a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 price target on shares of Amazon.com in a report on Wednesday, August 13th. Finally, Wells Fargo & Company boosted their price target on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Buy" and an average price target of $262.87.

Amazon.com Stock Performance

NASDAQ:AMZN traded down $3.35 during midday trading on Friday, reaching $232.33. 36,684,807 shares of the company traded hands, compared to its average volume of 32,905,296. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a fifty day moving average price of $225.74 and a 200 day moving average price of $208.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.