Howard Financial Services LTD. Sells 2,029 Shares of Amazon.com, Inc. $AMZN

Key Points

• Howard Financial Services LTD. reduced its holdings in Amazon.com by 7.0%, owning 27,116 shares after selling 2,029 shares, which is valued at approximately $5.95 million.
• Amazon reported a strong quarterly performance with an EPS of $1.68 and revenue of $167.70 billion, surpassing analyst expectations.
• Several institutional investors have increased their positions in Amazon, with hedge funds and institutional investors owning about 72.20% of the company's stock.

Howard Financial Services LTD. decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,116 shares of the e-commerce giant's stock after selling 2,029 shares during the period. Amazon.com comprises about 0.8% of Howard Financial Services LTD.'s investment portfolio, making the stock its 28th biggest position. Howard Financial Services LTD.'s holdings in Amazon.com were worth $5,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in AMZN. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares during the last quarter. Northern Trust Corp boosted its position in Amazon.com by 0.3% during the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock valued at $18,527,354,000 after buying an additional 302,858 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Amazon.com by 14.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,975,984 shares of the e-commerce giant's stock valued at $14,474,471,000 after buying an additional 8,142,030 shares during the period. Nuveen LLC purchased a new stake in Amazon.com during the 1st quarter valued at $11,674,091,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Amazon.com by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant's stock valued at $11,461,952,000 after buying an additional 605,415 shares during the period. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of AMZN stock traded up $0.25 during mid-day trading on Friday, hitting $231.48. The company had a trading volume of 97,793,456 shares, compared to its average volume of 34,071,644. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The stock's 50 day moving average price is $227.81 and its 200-day moving average price is $209.42. 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 company has a market capitalization of $2.47 trillion, a P/E ratio of 35.29, a P/E/G ratio of 1.54 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping 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 analysts' expectations of $161.80 billion. During the same quarter in the previous year, the business posted $1.26 earnings per share. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Citizens Jmp assumed coverage on shares of Amazon.com in a research report on Thursday, July 10th. They set a "strong-buy" rating for the company. UBS Group reiterated a "buy" rating and issued a $271.00 price target (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. DA Davidson raised their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Citigroup reiterated an "overweight" rating on shares of Amazon.com in a research note on Wednesday, August 13th. Two investment 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $263.30.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total value of $558,725.00. Following the sale, the chief executive officer owned 518,007 shares of the company's stock, valued at approximately $115,769,384.43. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 in the last three months. Corporate insiders own 9.70% of the company's stock.

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.