Amazon.com, Inc. $AMZN Shares Sold by Gemsstock Ltd.

Key Points

• Gemsstock Ltd. reduced its stake in Amazon.com by 40.9%, selling 50,800 shares, and now holds 73,365 shares valued at approximately $13.96 million.
• Amazon posted a strong quarterly performance with a revenue of $167.70 billion and $1.68 EPS, beating expectations and showing a 13.3% year-over-year revenue growth.
• Insider trading has been notable, with CEO Douglas J. Herrington and CEO Andrew R. Jassy both selling significant amounts of stock recently, leading to a cumulative insider selling of 25 million shares in the last ninety days.

Gemsstock Ltd. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 40.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,365 shares of the e-commerce giant's stock after selling 50,800 shares during the period. Amazon.com accounts for 5.3% of Gemsstock Ltd.'s portfolio, making the stock its 9th largest holding. Gemsstock Ltd.'s holdings in Amazon.com were worth $13,958,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Nuveen LLC acquired a new position in Amazon.com during the first quarter valued at approximately $11,674,091,000. GAMMA Investing LLC grew its holdings in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors grew its holdings in Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Capital International Investors grew its holdings in Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Amazon.com by 14.0% during the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock valued at $21,297,564,000 after purchasing an additional 11,926,749 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

AMZN stock traded down $7.91 during midday trading on Wednesday, hitting $230.33. The stock had a trading volume of 60,798,520 shares, compared to its average volume of 32,696,864. The firm has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 1.60 and a beta of 1.30. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The stock has a 50-day simple moving average of $226.43 and a 200 day simple moving average of $208.24. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 in the last three months. Corporate insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Truist Financial increased their price objective on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Cowen reissued a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Pivotal Research increased 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. Finally, Royal Bank Of Canada increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and an average price target 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.