First Pacific Advisors LP Trims Position in Amazon.com, Inc. $AMZN

Key Points

• First Pacific Advisors LP has reduced its stake in Amazon.com, Inc. by 5.8%, now holding 1,446,007 shares valued at approximately $275 million.
• Amazon's CEO, Douglas J. Herrington, sold 4,784 shares recently, while Jeffrey P. Bezos sold over 2.6 million shares, reflecting a total decrease in institutional ownership of the stock.
• Amazon's stock is currently rated as a "Buy" by most analysts, with a consensus target price of $262.87, following various upgrades from firms like Barclays and Pivotal Research.

First Pacific Advisors LP decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,446,007 shares of the e-commerce giant's stock after selling 88,895 shares during the quarter. Amazon.com makes up 4.4% of First Pacific Advisors LP's investment portfolio, making the stock its 8th largest position. First Pacific Advisors LP's holdings in Amazon.com were worth $275,117,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. SFE Investment Counsel boosted its holdings in shares of Amazon.com by 11.8% in the first quarter. SFE Investment Counsel now owns 73,177 shares of the e-commerce giant's stock worth $13,923,000 after acquiring an additional 7,752 shares during the period. AJ Advisors LLC boosted its holdings in shares of Amazon.com by 3.7% in the first quarter. AJ Advisors LLC now owns 3,453 shares of the e-commerce giant's stock worth $657,000 after acquiring an additional 123 shares during the period. Carnegie Investment Counsel boosted its holdings in shares of Amazon.com by 3.5% in the first quarter. Carnegie Investment Counsel now owns 454,057 shares of the e-commerce giant's stock worth $79,645,000 after acquiring an additional 15,426 shares during the period. Pinnacle Associates Ltd. boosted its holdings 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 worth $101,345,000 after acquiring an additional 2,002 shares during the period. Finally, BG Investment Services Inc. boosted its holdings in shares of Amazon.com by 33.8% in the first quarter. BG Investment Services Inc. now owns 2,848 shares of the e-commerce giant's stock worth $542,000 after acquiring an additional 720 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,784 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the sale, the chief executive officer owned 510,255 shares in the company, valued at $118,542,441.60. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,012,284 shares of company stock worth $5,656,976,492 in the last 90 days. Company insiders own 9.70% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN traded up $6.89 during trading hours on Friday, reaching $228.84. 37,264,095 shares of the stock traded hands, compared to its average volume of 46,830,960. The stock has a 50 day simple moving average of $222.63 and a two-hundred day simple moving average of $208.26. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31.

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

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Oppenheimer decreased their price target on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Pivotal Research increased their price objective on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Susquehanna lifted their price objective on Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of "Buy" and an average target price 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.