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Essex Investment Management Co. LLC Has $5.76 Million Holdings in Amazon.com, Inc. $AMZN

Amazon.com logo with Retail/Wholesale background

Essex Investment Management Co. LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,287 shares of the e-commerce giant's stock after selling 3,203 shares during the quarter. Amazon.com makes up about 1.2% of Essex Investment Management Co. LLC's investment portfolio, making the stock its 15th largest position. Essex Investment Management Co. LLC's holdings in Amazon.com were worth $5,762,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Western Wealth Management LLC boosted its stake in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after buying an additional 1,297 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Amazon.com during the first quarter worth $514,000. Bearing Point Capital LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $12,014,000. Evergreen Capital Management LLC increased its holdings in Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Keyvantage Wealth LLC bought a new stake in Amazon.com in the fourth quarter valued at about $2,735,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 25,097,911 shares of company stock worth $5,675,986,299 in the last ninety days. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Up 1.1%

NASDAQ:AMZN opened at $231.60 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market cap of $2.47 trillion, a PE ratio of 35.30, a PEG ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The stock has a 50-day simple moving average of $223.86 and a 200 day simple moving average of $208.12.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business 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%.Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Canaccord Genuity Group reiterated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Susquehanna boosted their target price on Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research note on Friday, August 1st. JMP Securities reissued a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Finally, Citizens Jmp assumed coverage on Amazon.com in a research note on Thursday, July 10th. They issued a "strong-buy" rating for the company. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of "Buy" and a consensus target price of $262.87.

Get Our Latest Stock Analysis on AMZN

Amazon.com Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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