Amazon.com, Inc. $AMZN Stake Lowered by Hosking Partners LLP

Key Points

• Hosking Partners LLP reduced its stake in Amazon.com, Inc. by 1.7%, selling 7,328 shares and now holding 432,089 shares valued at approximately $82.2 million.
• Insider Jeffrey P. Bezos sold over 4.2 million shares, totaling nearly $960.7 million, which corresponds to a 0.47% decrease in his ownership of the company.
• Several analysts have adjusted their price targets for Amazon.com, with Oppenheimer reducing it from $250.00 to $245.00, while Zacks downgraded the stock from a "strong-buy" to a "hold" rating.

Hosking Partners LLP decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 432,089 shares of the e-commerce giant's stock after selling 7,328 shares during the quarter. Amazon.com accounts for about 3.5% of Hosking Partners LLP's holdings, making the stock its 4th biggest holding. Hosking Partners LLP's holdings in Amazon.com were worth $82,209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the first quarter valued at approximately $40,000. Capitol Family Office Inc. purchased a new position in shares of Amazon.com in the first quarter valued at approximately $42,000. Finally, Harbor Investment Advisory LLC lifted its stake in Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 2,145 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Robert W. Baird lifted their price target on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Royal Bank Of Canada lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Finally, Westpark Capital reiterated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $262.87.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction 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 transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. Insiders own 9.70% of the company's stock.

Amazon.com Stock Down 0.2%

AMZN stock traded down $0.38 during midday trading on Thursday, reaching $229.95. 37,394,963 shares of the company were exchanged, compared to its average volume of 33,916,828. 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, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The stock's 50-day simple moving average is $226.77 and its 200 day simple moving average is $208.52. The company has a market cap of $2.45 trillion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts forecast 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.