Compass Ion Advisors LLC Sells 1,408 Shares of Amazon.com, Inc. $AMZN

Key Points

• Compass Ion Advisors LLC reduced its Amazon.com holdings by 5.4%, selling 1,408 shares and now owning approximately 24,776 shares valued at $5,436,000.
• Jeffrey P. Bezos sold over 4.27 million shares of Amazon for approximately $960.67 million, reducing his total holdings to 897.72 million shares.
• Analysts are optimistic about Amazon, with several firms raising their price targets, resulting in an average target price of $264.04 and a consensus rating of "Buy".

Compass Ion Advisors LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,776 shares of the e-commerce giant's stock after selling 1,408 shares during the quarter. Amazon.com makes up approximately 0.6% of Compass Ion Advisors LLC's holdings, making the stock its 24th biggest position. Compass Ion Advisors LLC's holdings in Amazon.com were worth $5,436,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMZN. Brighton Jones LLC grew its stake in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after acquiring an additional 397,007 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE lifted its holdings in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $2,153,000. 72.20% of the stock is currently owned by institutional investors.

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 transaction of $960,666,409.97. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 21,772,985 shares of company stock worth $4,939,346,118. 10.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. Cantor Fitzgerald boosted their price target on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Rosenblatt Securities lifted their target price on Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Royal Bank Of Canada lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Zacks Research cut Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Two 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. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $264.04.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $219.78 on Monday. The stock's fifty day moving average is $227.44 and its two-hundred day moving average is $210.35. The company has a market capitalization of $2.34 trillion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. 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 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the company posted $1.26 EPS. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current 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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