Amazon.com, Inc. $AMZN is First National Trust Co's 10th Largest Position

Key Points

• First National Trust Co reduced its stake in Amazon.com by 4.1%, owning 249,855 shares worth approximately $47.5 million, making it the company's 10th largest position.
• Amazon's stock has received a consensus rating of "Buy" from analysts, with a current target price averaging around $262.87.
• Insider Jeffrey P. Bezos sold over 4 million shares of Amazon's stock for nearly $960.67 million, decreasing his ownership by 0.47%.

First National Trust Co lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 249,855 shares of the e-commerce giant's stock after selling 10,750 shares during the period. Amazon.com makes up approximately 1.9% of First National Trust Co's holdings, making the stock its 10th largest holding. First National Trust Co's holdings in Amazon.com were worth $47,537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Brighton Jones LLC raised its holdings in 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 buying an additional 397,007 shares during the period. Revolve Wealth Partners LLC grew its position 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 valued at $5,495,000 after acquiring an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position 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 valued at $442,481,000 after acquiring an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE grew its position 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 valued at $6,357,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new position in Amazon.com in the 4th quarter valued at $2,153,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 1.6%

AMZN stock traded down $3.66 during trading on Tuesday, reaching $225.34. 38,732,076 shares of the company traded hands, compared to its average volume of 33,878,940. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The business has a 50 day simple moving average of $224.91 and a 200 day simple moving average of $207.92. The company has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Pivotal Research upped their price objective on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Zacks Research downgraded Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Stifel Nicolaus raised their price target on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Scotiabank raised their price target on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. Finally, Jefferies Financial Group raised their price target on Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $262.87.

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,095,411 shares of company stock valued at $5,675,473,849. 10.80% of the stock is currently owned by corporate insiders.

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.