Goodman Financial Corp Sells 2,654 Shares of Amazon.com, Inc. $AMZN

Key Points

• Goodman Financial Corp reduced its stake in Amazon.com by 3.2%, holding 79,315 shares valued at approximately $15.1 million as of its latest SEC filing.
• Several institutional investors, including FMR LLC and Capital World Investors, increased their holdings in Amazon.com during the fourth quarter, contributing to a total institutional ownership of 72.20%.
• Amazon.com reported earnings of $1.68 per share for the last quarter, exceeding analysts' expectations and marking a 13.3% year-over-year revenue growth.

Goodman Financial Corp lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 79,315 shares of the e-commerce giant's stock after selling 2,654 shares during the quarter. Amazon.com comprises about 3.3% of Goodman Financial Corp's portfolio, making the stock its 7th largest position. Goodman Financial Corp's holdings in Amazon.com were worth $15,091,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Western Wealth Management LLC lifted its position in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after acquiring an additional 1,297 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at about $514,000. Bearing Point Capital LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at about $12,014,000. Evergreen Capital Management LLC lifted its holdings in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares during the period. Finally, Keyvantage Wealth LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at about $2,735,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction that occurred on 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 transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $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 is accessible through this link. Insiders sold 25,095,411 shares of company stock valued at $5,675,473,849 in the last 90 days. Corporate insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMZN shares. Pivotal Research boosted their price objective on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 1st. Susquehanna lifted their price target on Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Monness Crespi & Hardt lifted their price target on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 1st. The Goldman Sachs Group restated a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Finally, Wedbush lifted their price target on Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com Price Performance

Shares of AMZN stock traded down $0.54 during trading hours on Wednesday, reaching $224.80. The company had a trading volume of 15,262,786 shares, compared to its average volume of 43,779,773. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a fifty day moving average of $224.91 and a 200-day moving average of $207.92. The company has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 34.27, a PEG ratio of 1.54 and a beta of 1.30. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.

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

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.