Horizon Financial Services LLC Decreases Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Horizon Financial Services LLC decreased its stake in Amazon by 44.9%, selling 1,308 shares and holding 1,604 shares valued at $305,000.
• Insider sales included CEO Matthew S. Garman selling 17,785 shares, reflecting a 85% decrease in ownership, while a total of 25 million shares were sold by insiders recently.
• Amazon has recently received updates from analysts, with Oppenheimer reducing its price target to $245.00, while other firms raised targets, indicating a strong consensus of Buy recommendations.

Horizon Financial Services LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 44.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,604 shares of the e-commerce giant's stock after selling 1,308 shares during the quarter. Horizon Financial Services LLC's holdings in Amazon.com were worth $305,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the fourth quarter valued at about $35,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the first quarter valued at about $40,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. This trade represents a 26.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 25,097,911 shares of company stock worth $5,675,986,299. Corporate insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AMZN shares. Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Needham & Company LLC reiterated a "buy" rating and issued a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Rosenblatt Securities increased their price target on shares of Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $262.87.

Amazon.com Stock Performance

Amazon.com stock traded down $2.60 during mid-day trading on Friday, hitting $229.00. The company had a trading volume of 26,167,914 shares, compared to its average volume of 42,576,432. 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 company's fifty day moving average is $224.25 and its 200-day moving average is $207.95. The company has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.54 and a beta of 1.31.

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, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the firm posted $1.26 EPS. The business's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS 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.