Gruss & Co. LLC Has $1.33 Million Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Gruss & Co. LLC reduced its stake in Amazon.com by 17.6%, holding 7,000 shares valued at approximately $1.33 million as of its latest filing.
• Amazon.com stock, currently valued at $229.00, has shown a 13.3% increase in revenue year-over-year, reporting $167.70 billion in revenue for the last quarter.
• Wall Street analysts are optimistic, giving Amazon a consensus Buy rating and setting price targets ranging from $250.00 to $297.00.

Gruss & Co. LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000 shares of the e-commerce giant's stock after selling 1,500 shares during the period. Amazon.com accounts for about 5.8% of Gruss & Co. LLC's holdings, making the stock its 3rd biggest position. Gruss & Co. LLC's holdings in Amazon.com were worth $1,332,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AMZN. LSV Asset Management purchased a new stake in Amazon.com during the fourth quarter worth about $35,000. Cooksen Wealth LLC purchased a new stake in Amazon.com during the first quarter worth about $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com during the first quarter worth about $40,000. Capitol Family Office Inc. purchased a new stake in Amazon.com during the first quarter worth about $42,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in Amazon.com during the first quarter worth about $59,000. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were 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 directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 25,095,411 shares of company stock valued at $5,675,473,849 in the last three months. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Jefferies Financial Group raised their price objective on shares of Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Cowen restated a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. DA Davidson raised their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Tigress Financial lifted their target price on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Wedbush lifted their target price on shares of Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Two equities research 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 stock. Based on data from MarketBeat, Amazon.com has a consensus rating of "Buy" and an average target price of $262.87.

Amazon.com Price Performance

Shares of AMZN stock traded down $0.54 during trading hours on Wednesday, reaching $224.80. The stock had a trading volume of 15,262,786 shares, compared to its average volume of 43,779,773. The stock's fifty day simple moving average is $224.91 and its 200 day simple moving average is $207.92. 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, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm has a market capitalization of $2.40 trillion, a PE ratio of 34.27, a PEG ratio of 1.54 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS 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 period last year, the business earned $1.26 earnings per share. Amazon.com's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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.