Itau Unibanco Holding S.A. Cuts Stake in Amazon.com, Inc. $AMZN

Itau Unibanco Holding S.A. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 47.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 191,335 shares of the e-commerce giant's stock after selling 174,540 shares during the quarter. Amazon.com comprises about 1.4% of Itau Unibanco Holding S.A.'s holdings, making the stock its 20th biggest holding. Itau Unibanco Holding S.A.'s holdings in Amazon.com were worth $36,403,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Landscape Capital Management L.L.C. boosted its holdings in shares of Amazon.com by 45.7% during the 1st quarter. Landscape Capital Management L.L.C. now owns 23,886 shares of the e-commerce giant's stock valued at $4,545,000 after acquiring an additional 7,490 shares during the last quarter. LTS One Management LP boosted its holdings in Amazon.com by 10.6% in the first quarter. LTS One Management LP now owns 115,000 shares of the e-commerce giant's stock worth $21,880,000 after purchasing an additional 11,000 shares during the last quarter. Monterey Private Wealth Inc. boosted its holdings in Amazon.com by 1.3% in the first quarter. Monterey Private Wealth Inc. now owns 13,093 shares of the e-commerce giant's stock worth $2,491,000 after purchasing an additional 163 shares during the last quarter. Oak Associates Ltd. OH boosted its holdings in Amazon.com by 3.4% in the first quarter. Oak Associates Ltd. OH now owns 590,703 shares of the e-commerce giant's stock worth $112,387,000 after purchasing an additional 19,585 shares during the last quarter. Finally, Oarsman Capital Inc. boosted its holdings in Amazon.com by 10.7% in the first quarter. Oarsman Capital Inc. now owns 25,817 shares of the e-commerce giant's stock worth $4,912,000 after purchasing an additional 2,486 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMZN. UBS Group restated a "buy" rating and issued a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Jefferies Financial Group raised their target price on shares of Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Bank of America raised their target price on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Robert W. Baird raised their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a report 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 issued 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.

Amazon.com Stock Down 0.2%

Shares of AMZN stock opened at $229.95 on Friday. The company has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 35.05, a PEG ratio of 1.54 and a beta of 1.30. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company's fifty day moving average price is $226.77 and its 200-day moving average price is $208.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other news, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. Company 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.

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