First National Trust Co Decreases Holdings in Amazon.com, Inc. $AMZN

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 reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.1% during the first quarter, according to the company in 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 quarter. Amazon.com makes up approximately 1.9% of First National Trust Co's investment portfolio, making the stock its 10th biggest position. First National Trust Co's holdings in Amazon.com were worth $47,537,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AMZN. GAMMA Investing LLC raised its holdings in Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Capital World Investors lifted its stake in shares of Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after buying an additional 17,681,004 shares in the last quarter. Capital International Investors lifted its stake in shares of Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after buying an additional 12,000,745 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Amazon.com by 14.0% during the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock valued at $21,297,564,000 after buying an additional 11,926,749 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Amazon.com during the 4th quarter valued at $2,037,963,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Zacks Research cut shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Royal Bank Of Canada lifted 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. JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Telsey Advisory Group restated an "outperform" rating and set a $265.00 target price on shares of Amazon.com in a research note on Wednesday, August 13th. Finally, Scotiabank lifted their target price on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $262.87.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 25,097,911 shares of company stock worth $5,675,986,299. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Amazon.com stock opened at $229.00 on Friday. The company's 50-day moving average price is $224.25 and its 200-day moving average price is $208.10. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.44 trillion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Company 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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