Gateway Investment Advisers LLC Decreases Stake in Amazon.com, Inc. $AMZN

Key Points

• Gateway Investment Advisers LLC reduced its stake in Amazon by 1.2%, now holding 1,796,671 shares valued at approximately $394 million, making it the firm’s fourth largest position.
• In the fourth quarter, other institutional investors such as Brighton Jones LLC and Revolve Wealth Partners LLC increased their positions in Amazon, highlighting continued institutional interest in the company.
• Amazon recently reported $1.68 EPS, exceeding expectations, with quarterly revenue reaching $167.70 billion, a 13.3% year-over-year increase.

Gateway Investment Advisers LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,796,671 shares of the e-commerce giant's stock after selling 21,619 shares during the period. Amazon.com makes up about 4.3% of Gateway Investment Advisers LLC's holdings, making the stock its 4th biggest position. Gateway Investment Advisers LLC's holdings in Amazon.com were worth $394,172,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMZN. Brighton Jones LLC increased its position in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE increased its position in shares of Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after purchasing an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new position in shares of Amazon.com in the 4th quarter worth $2,153,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $227.63 on Tuesday. The stock has a market cap of $2.43 trillion, a P/E ratio of 34.70, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31. The firm's fifty day simple moving average is $227.85 and its 200 day simple moving average is $209.69. 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.

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 the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Canaccord Genuity Group reissued a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Evercore ISI reissued an "outperform" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Wednesday, August 13th. UBS Group reissued a "buy" rating and issued a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Moffett Nathanson increased their price objective on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Finally, Westpark Capital reiterated a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $263.30.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business'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 owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 25,097,911 shares of company stock worth $5,676,032,574 in the last 90 days. 10.80% of the stock is owned by 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.

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