Intelligence Driven Advisers LLC Sells 1,587 Shares of Amazon.com, Inc. $AMZN

Key Points

• Intelligence Driven Advisers LLC reduced its stake in Amazon.com by 21.7%, selling 1,587 shares to own 5,730 shares worth approximately $1.26 million at the end of Q2.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon, totaling nearly $960 million, though he still holds approximately $201.8 billion in company stock.
• Amazon's recent earnings report showed an EPS of $1.68, exceeding expectations and reflecting a 13.3% increase in year-over-year revenue, totaling $167.7 billion.

Intelligence Driven Advisers LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,730 shares of the e-commerce giant's stock after selling 1,587 shares during the period. Intelligence Driven Advisers LLC's holdings in Amazon.com were worth $1,257,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Western Wealth Management LLC raised its stake in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after buying an additional 1,297 shares during the period. Flaharty Asset Management LLC raised its stake in Amazon.com by 87.7% during the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant's stock worth $968,000 after buying an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in Amazon.com during the 1st quarter worth approximately $514,000. McIlrath & Eck LLC raised its stake in Amazon.com by 8.8% during the 4th quarter. McIlrath & Eck LLC now owns 18,498 shares of the e-commerce giant's stock worth $4,058,000 after buying an additional 1,490 shares during the period. Finally, Harbor Investment Advisory LLC raised its stake in Amazon.com by 0.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after buying an additional 2,145 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. DA Davidson upped their price target on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Citigroup reissued an "overweight" rating on shares of Amazon.com in a research note on Wednesday, August 13th. JMP Securities reissued a "market outperform" rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Westpark Capital reissued a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Finally, Bank of America increased their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $263.30.

Amazon.com Stock Performance

Shares of AMZN opened at $220.71 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 33.64, a PEG ratio of 1.52 and a beta of 1.30. The stock has a 50 day moving average of $227.74 and a 200 day moving average of $209.76. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 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 the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com's revenue was up 13.3% on a year-over-year basis. During the same period last year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Company 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.

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