Amazon.com, Inc. $AMZN Shares Sold by Diamond Hill Capital Management Inc.

Key Points

• Diamond Hill Capital Management Inc. reduced its stake in Amazon.com, Inc. by 19.2%, now holding approximately 1.3% of its investment portfolio, equivalent to around $288.7 million.
• Amazon's stock saw a 3.1% increase to $228.84, with recent trading volume at 37.3 million shares, compared to an average of 46.8 million.
• Wall Street analysts have generally rated Amazon with a strong buy sentiment, setting a consensus target price of $262.87, with various projections ranging from $245 to $305.

Diamond Hill Capital Management Inc. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 19.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,517,362 shares of the e-commerce giant's stock after selling 361,280 shares during the quarter. Amazon.com comprises approximately 1.3% of Diamond Hill Capital Management Inc.'s investment portfolio, making the stock its 29th biggest position. Diamond Hill Capital Management Inc.'s holdings in Amazon.com were worth $288,693,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Pinnacle Associates Ltd. grew its stake in shares of Amazon.com by 0.4% in the first quarter. Pinnacle Associates Ltd. now owns 532,666 shares of the e-commerce giant's stock valued at $101,345,000 after buying an additional 2,002 shares in the last quarter. BG Investment Services Inc. boosted its holdings in Amazon.com by 33.8% during the 1st quarter. BG Investment Services Inc. now owns 2,848 shares of the e-commerce giant's stock valued at $542,000 after acquiring an additional 720 shares during the period. Noesis Capital Mangement Corp boosted its holdings in Amazon.com by 9.3% during the 1st quarter. Noesis Capital Mangement Corp now owns 10,566 shares of the e-commerce giant's stock valued at $2,010,000 after acquiring an additional 900 shares during the period. Black Swift Group LLC boosted its holdings in Amazon.com by 68.9% during the 1st quarter. Black Swift Group LLC now owns 28,484 shares of the e-commerce giant's stock valued at $5,419,000 after acquiring an additional 11,623 shares during the period. Finally, Dempze Nancy E boosted its holdings in Amazon.com by 0.6% during the 1st quarter. Dempze Nancy E now owns 26,393 shares of the e-commerce giant's stock valued at $5,022,000 after acquiring an additional 163 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Pivotal Research raised their target price on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 1st. BMO Capital Markets raised their target price on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Moffett Nathanson raised their target price on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Citigroup restated an "overweight" rating on shares of Amazon.com in a report on Wednesday, August 13th. Finally, Citizens Jmp started coverage on Amazon.com in a research note on Thursday, July 10th. They issued a "strong-buy" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Performance

AMZN traded down $0.2130 during trading on Monday, hitting $228.6270. 12,699,290 shares of the stock were exchanged, compared to its average volume of 44,351,199. The firm has a market capitalization of $2.44 trillion, a P/E ratio of 34.84, a PEG ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The stock has a fifty day moving average price of $222.63 and a two-hundred day moving average price of $207.85. 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 (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred 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 transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 25,012,284 shares of company stock valued at $5,656,976,492 over the last quarter. Insiders own 10.80% of the company's stock.

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.