IMA Advisory Services Inc. Trims Holdings in Amazon.com, Inc. $AMZN

Key Points

• IMA Advisory Services Inc. reduced its stake in Amazon.com by 3.8% in Q1, bringing its total holdings to 34,169 shares, valued at approximately $6.5 million.
• Analysts have raised their price targets for Amazon.com, with Bank of America and BMO Capital Markets setting new targets at $272 and $280, respectively, indicating a positive outlook for the stock.
• Insider Jeff Bezos sold over 4.2 million shares of Amazon at around $224.81 each, reducing his ownership by 0.47%, amidst a backdrop of significant insider sales totaling nearly $5.7 billion over the last three months.

IMA Advisory Services Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,169 shares of the e-commerce giant's stock after selling 1,358 shares during the quarter. Amazon.com makes up about 0.8% of IMA Advisory Services Inc.'s holdings, making the stock its 28th largest position. IMA Advisory Services Inc.'s holdings in Amazon.com were worth $6,501,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its holdings 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 valued at $42,000 after purchasing an additional 80 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $40,000. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on AMZN shares. BMO Capital Markets increased their price target on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Robert W. Baird increased their price target on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Roth Capital set a $250.00 price target on Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. Bank of America increased their price target on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $300.00 price target on shares of Amazon.com in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Buy" and a consensus price target of $262.87.

Insider Buying and Selling 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 stock was 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 directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 25,012,284 shares of company stock valued at $5,656,976,492 in the last three months. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

NASDAQ:AMZN traded up $6.89 during trading hours on Friday, reaching $228.84. The stock had a trading volume of 37,264,095 shares, compared to its average volume of 46,830,960. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a 50 day simple moving average of $222.30 and a 200 day simple moving average of $208.35. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The stock has a market cap of $2.44 trillion, a P/E ratio of 34.88, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31.

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

About Amazon.com

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.