Generation Capital Management LLC Sells 2,671 Shares of Amazon.com, Inc. $AMZN

Key Points

• Generation Capital Management LLC reduced its stake in Amazon.com by 13.8%, now owning 16,732 shares, valued at approximately $3.18 million, indicating a modest repositioning among hedge funds.
• Insider Jeffrey P. Bezos sold over 4.27 million shares for nearly $961 million, reflecting a 0.47% decrease in his overall holdings, while insiders collectively sold over 25 million shares in the last ninety days.
• Analysts maintained a generally positive outlook on Amazon.com, with Barclays raising its target price from $240 to $275 and a consensus rating of "Buy," highlighting confidence in the company's performance.

Generation Capital Management LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,732 shares of the e-commerce giant's stock after selling 2,671 shares during the period. Amazon.com comprises 2.9% of Generation Capital Management LLC's portfolio, making the stock its 11th largest holding. Generation Capital Management LLC's holdings in Amazon.com were worth $3,183,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased 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 buying an additional 30,104,520 shares during the last quarter. Capital World Investors increased 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 buying an additional 17,681,004 shares during the last quarter. Capital International Investors increased 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 buying an additional 12,000,745 shares during the last quarter. Northern Trust Corp increased its stake in shares of Amazon.com by 14.0% in the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after purchasing an additional 11,926,749 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Amazon.com in the fourth quarter worth $2,037,963,000. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total transaction of $558,725.00. Following the completion of the sale, the chief executive officer owned 518,007 shares of the company's stock, valued at approximately $115,769,384.43. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock worth $5,676,032,574 over the last ninety days. 9.70% of the stock is currently owned by company insiders.

Amazon.com Trading Down 1.4%

AMZN traded down $3.35 on Friday, reaching $232.33. 36,684,807 shares of the company traded hands, compared to its average volume of 32,905,296. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The firm has a fifty day simple moving average of $225.74 and a two-hundred day simple moving average of $208.13. The company has a market cap of $2.48 trillion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. 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 announced its quarterly earnings data 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 net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the business posted $1.26 EPS. The firm'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. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMZN shares. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective for the company in a research note on Friday, June 27th. Wells Fargo & Company increased their price objective on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. BMO Capital Markets increased their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of Amazon.com from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Piper Sandler lifted their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two equities research 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 MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $262.87.

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.