First Heartland Consultants Inc. Sells 2,128 Shares of Amazon.com, Inc. $AMZN

First Heartland Consultants Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,896 shares of the e-commerce giant's stock after selling 2,128 shares during the period. Amazon.com makes up 1.0% of First Heartland Consultants Inc.'s portfolio, making the stock its 22nd biggest holding. First Heartland Consultants Inc.'s holdings in Amazon.com were worth $10,064,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter valued at about $35,000. Cooksen Wealth LLC bought a new stake in Amazon.com during the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter valued at about $40,000. 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 Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were 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 in the company, 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 legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,675,986,299 in the last three months. Insiders own 9.70% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN traded up $2.48 during trading on Thursday, reaching $231.60. 33,650,159 shares of the company traded hands, compared to its average volume of 46,110,316. 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 stock's 50 day moving average price is $223.86 and its two-hundred day moving average price is $208.12. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 35.30, a P/E/G 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.

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 for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for 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%.The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Royal Bank Of Canada increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Westpark Capital reiterated a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. HSBC increased their target price on shares of Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Finally, Cowen reiterated a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $262.87.

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.