Levin Capital Strategies L.P. Decreases Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Levin Capital Strategies L.P. has reduced its holdings in Amazon.com by 2.5%, now owning 121,539 shares, valued at approximately $23.1 million.
• Amazon.com reported a 13.3% increase in year-over-year revenue, reaching $167.70 billion, and exceeded earnings expectations with an EPS of $1.68 for the quarter.
• Despite recent insider sell-offs, analysts maintain a positive outlook, with Amazon receiving a consensus rating of "Buy" and a target price of approximately $262.87.

Levin Capital Strategies L.P. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 121,539 shares of the e-commerce giant's stock after selling 3,070 shares during the quarter. Amazon.com accounts for about 2.4% of Levin Capital Strategies L.P.'s holdings, making the stock its 9th biggest holding. Levin Capital Strategies L.P.'s holdings in Amazon.com were worth $23,124,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the period. Capital World Investors increased its position in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after buying an additional 17,681,004 shares in the last quarter. Capital International Investors raised its position in shares of Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares during the period. Northern Trust Corp lifted its holdings in shares of Amazon.com by 14.0% in the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after purchasing an additional 11,926,749 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Amazon.com in the 4th quarter worth $2,037,963,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total transaction of $558,725.00. Following the completion of the transaction, the chief executive officer directly owned 518,007 shares of the company's stock, valued at approximately $115,769,384.43. This represents a 0.48% 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. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction 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 of the company's stock, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMZN. Moffett Nathanson increased their target price on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Wedbush increased their price objective on Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Cowen reissued a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Citizens Jmp began coverage on Amazon.com in a research note on Thursday, July 10th. They issued a "strong-buy" rating for the company. Finally, Bank of America upped their target price on shares of 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $262.87.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $3.35 during mid-day trading on Friday, reaching $232.33. 36,684,807 shares of the company's stock were exchanged, compared to its average volume of 32,905,296. The firm has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm has a 50-day moving average price of $225.74 and a two-hundred day moving average price of $208.13.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates 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%.The business's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Analysts predict that Amazon.com, Inc. will post 6.31 EPS 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.