Hodges Capital Management Inc. Sells 22,752 Shares of Amazon.com, Inc. $AMZN

Hodges Capital Management Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,724 shares of the e-commerce giant's stock after selling 22,752 shares during the quarter. Amazon.com accounts for approximately 1.3% of Hodges Capital Management Inc.'s portfolio, making the stock its 18th largest position. Hodges Capital Management Inc.'s holdings in Amazon.com were worth $13,075,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC raised its stake 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 grew its holdings in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after buying an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after buying an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE lifted its stake in Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after acquiring an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new position in Amazon.com during the 4th quarter worth $2,153,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction on 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 completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. 10.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AMZN shares. DA Davidson boosted their price target 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. Morgan Stanley restated an "overweight" rating on shares of Amazon.com in a research note on Wednesday, September 10th. BMO Capital Markets upped their target price on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Telsey Advisory Group reiterated an "outperform" rating and set a $265.00 price target on shares of Amazon.com in a report on Wednesday, August 13th. Finally, Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an "outperform" rating in a research report on Tuesday, July 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 MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $262.87.

Amazon.com Price Performance

AMZN opened at $231.43 on Tuesday. The firm has a 50-day moving average price of $227.03 and a 200-day moving average price of $208.71. 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. The company has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.28, a PEG ratio of 1.53 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the company earned $1.26 earnings per share. The business'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. Equities analysts expect 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.

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