Horizon Financial Services LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 44.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the fourth quarter valued at $27,000. LSV Asset Management purchased a new stake in Amazon.com during the fourth quarter valued at about $35,000. Perritt Capital Management Inc raised its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in Amazon.com during the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the first quarter worth about $40,000. 72.20% of the stock is owned by institutional investors.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,675,986,299 in the last three months. Corporate insiders own 9.70% of the company's stock.
Amazon.com Trading Up 1.1%
NASDAQ AMZN traded up $2.48 during trading on Thursday, hitting $231.60. The stock had a trading volume of 33,645,386 shares, compared to its average volume of 44,096,445. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 1.53 and a beta of 1.31. The stock has a 50 day simple moving average of $223.48 and a 200 day simple moving average of $208.13. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the company posted $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. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on AMZN shares. Stifel Nicolaus boosted their price target on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Scotiabank upped their price objective on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 22nd. Piper Sandler upped their price objective on Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Zacks Research cut Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Royal Bank Of Canada raised their price target on Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" 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 issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $262.87.
Read Our Latest Stock Report on Amazon.com
Amazon.com Profile
(
Free Report)
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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