Lecap Asset Management Ltd. Sells 5,250 Shares of Amazon.com, Inc. $AMZN

Key Points

• Lecap Asset Management Ltd. reduced its stake in Amazon.com, Inc. by 57.5%, selling 5,250 shares and leaving them with 3,883 shares valued at approximately $852,000.
• Amazon's stock recently opened at $213.04, showing a market capitalization of $2.27 trillion and a price-to-earnings ratio of 32.48.
• Senior executives, including CFO Brian T. Olsavsky and CEO Andrew R. Jassy, sold substantial amounts of Amazon stock on August 21, with shares sold valued over $8 million combined.

Lecap Asset Management Ltd. cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 57.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,883 shares of the e-commerce giant's stock after selling 5,250 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Amazon.com were worth $852,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Ridgecrest Wealth Partners LLC raised its position in shares of Amazon.com by 0.5% during the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock worth $1,843,000 after acquiring an additional 45 shares during the last quarter. Bare Financial Services Inc grew its stake in Amazon.com by 5.4% during the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant's stock worth $177,000 after purchasing an additional 48 shares during the period. Heritage Oak Wealth Advisors LLC grew its stake in Amazon.com by 1.2% during the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant's stock worth $862,000 after purchasing an additional 48 shares during the period. Cobblestone Asset Management LLC grew its stake in Amazon.com by 3.1% during the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant's stock worth $367,000 after purchasing an additional 50 shares during the period. Finally, Seek First Inc. grew its stake in Amazon.com by 0.5% during the second quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant's stock worth $2,009,000 after purchasing an additional 50 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 0.7%

Shares of NASDAQ:AMZN opened at $213.04 on Friday. The stock has a market cap of $2.27 trillion, a price-to-earnings ratio of 32.48, a PEG ratio of 1.42 and a beta of 1.28. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The business's 50 day moving average is $225.66 and its 200 day moving average is $212.52.

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

Insider Activity at Amazon.com

In related news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction that occurred on 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 of the company's stock, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,864,716 shares of company stock valued at $2,486,013,854 over the last 90 days. Corporate insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMZN. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Amazon.com in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Westpark Capital reaffirmed a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Finally, Bank of America raised their target price on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Buy" and an average price target of $266.26.

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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