Lee Financial Co Sells 2,811 Shares of Amazon.com, Inc. $AMZN

Key Points

• Lee Financial Co reduced its holdings in Amazon.com by 22.9%, selling 2,811 shares to end the first quarter with 9,467 shares valued at approximately $1.8 million.
• Amazon reported stronger-than-expected quarterly earnings with an EPS of $1.68, surpassing estimates of $1.31, along with revenue growth of 13.3% year-over-year.
• Insider Jeffrey P. Bezos sold over 4.27 million shares for approximately $960 million, marking a 0.47% decrease in his ownership of the company.

Lee Financial Co lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,467 shares of the e-commerce giant's stock after selling 2,811 shares during the quarter. Lee Financial Co's holdings in Amazon.com were worth $1,801,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter valued at approximately $40,000. Capitol Family Office Inc. bought a new position in shares of Amazon.com in the first quarter valued at approximately $42,000. Finally, Harbor Investment Advisory LLC raised its position in shares of Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock valued at $58,000 after purchasing an additional 2,145 shares during the period. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Amazon.com stock opened at $230.33 on Thursday. The stock has a 50-day simple moving average of $226.63 and a 200 day simple moving average of $208.40. 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 stock has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 1.60 and a beta of 1.30.

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

Insider Activity

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated 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 of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last three months. Insiders own 9.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on AMZN shares. Wells Fargo & Company lifted their price target on shares of Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Citizens Jmp started coverage on shares of Amazon.com in a research report on Thursday, July 10th. They issued a "strong-buy" rating on the stock. BMO Capital Markets lifted their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. HSBC raised their price objective on shares of Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Finally, Barclays raised their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $262.87.

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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