Howard Capital Management Inc. Sells 49,326 Shares of Amazon.com, Inc. $AMZN

Key Points

• Howard Capital Management Inc. reduced its stake in Amazon.com by 18.4% in Q1, retaining 218,526 shares valued at approximately $41.58 million.
• Amazon reported a quarterly earnings per share of $1.68, surpassing estimates of $1.31, with revenue of $167.70 billion, reflecting a year-over-year increase of 13.3%.
• As of now, Amazon.com has an average rating of "Buy" from analysts, with a target price of $262.87 and 72.20% of its shares held by institutional investors.

Howard Capital Management Inc. lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 218,526 shares of the e-commerce giant's stock after selling 49,326 shares during the period. Amazon.com makes up 0.8% of Howard Capital Management Inc.'s portfolio, making the stock its 19th biggest position. Howard Capital Management Inc.'s holdings in Amazon.com were worth $41,577,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $25,000. LSV Asset Management acquired a new position in shares of Amazon.com during the fourth quarter worth about $35,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the first quarter worth about $36,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com in the first quarter worth about $40,000. Finally, Perritt Capital Management Inc lifted its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Evercore ISI reiterated an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Wednesday, August 13th. Truist Financial boosted their price objective on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, August 1st. UBS Group reaffirmed a "buy" rating and set a $271.00 target price (up from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Finally, 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. Two equities 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 company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and a consensus price target of $262.87.

Insider Activity

In other news, CEO Douglas J. Herrington sold 6,835 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the transaction, the chief executive officer directly owned 520,507 shares in the company, valued at $115,354,761.34. The trade was a 1.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction dated 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 represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,097,911 shares of company stock worth $5,675,986,299. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of NASDAQ AMZN 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 37,773,448. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The business's 50-day simple moving average is $224.25 and its 200-day simple moving average is $207.95. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm has a market cap of $2.44 trillion, a P/E ratio of 34.91, a PEG ratio of 1.54 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during 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%. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.