Frank Rimerman Advisors LLC Decreases Position in Amazon.com, Inc. $AMZN

Frank Rimerman Advisors LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 145,304 shares of the e-commerce giant's stock after selling 2,775 shares during the period. Amazon.com comprises 2.2% of Frank Rimerman Advisors LLC's portfolio, making the stock its 11th biggest position. Frank Rimerman Advisors LLC's holdings in Amazon.com were worth $27,646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cooksen Wealth LLC purchased a new position in Amazon.com during the 1st quarter worth $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com during the 1st quarter worth $40,000. Capitol Family Office Inc. purchased a new position in Amazon.com during the 1st quarter worth $42,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Amazon.com during the 1st quarter worth $59,000. Finally, von Borstel & Associates Inc. purchased a new position in Amazon.com during the 1st quarter worth $66,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research reports. Zacks Research downgraded Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Morgan Stanley reaffirmed an "overweight" rating and set a $300.00 target price on shares of Amazon.com in a research report on Thursday, August 14th. Wells Fargo & Company lifted their price target on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Finally, Citigroup reiterated an "overweight" rating on shares of Amazon.com in a report on Wednesday, August 13th. Two investment 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. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $262.87.

Amazon.com Trading Up 1.5%

Shares of Amazon.com stock opened at $235.84 on Tuesday. The firm's 50 day simple moving average is $226.07 and its two-hundred day simple moving average is $208.03. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.52 trillion, a price-to-earnings ratio of 35.95, a PEG ratio of 1.56 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, topping 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 company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The stock was 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 of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. Insiders own 10.80% of the company's stock.

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.

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