LGT Fund Management Co Ltd. Has $48.57 Million Holdings in Amazon.com, Inc. $AMZN

Key Points

• LGT Fund Management Co Ltd. sold 6,101 shares of Amazon.com, reducing its holdings by 2.3%, while still holding 255,290 shares valued at approximately $48.57 million.
• Multiple analysts have raised their price targets for Amazon, with the consensus rating being "Buy" and an average price target of $262.87.
• Insider selling was noted as CEO Andrew R. Jassy sold nearly 20,000 shares for about $4.4 million, which represented a 0.90% decrease in his ownership stake.

LGT Fund Management Co Ltd. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255,290 shares of the e-commerce giant's stock after selling 6,101 shares during the quarter. Amazon.com accounts for about 4.4% of LGT Fund Management Co Ltd.'s investment portfolio, making the stock its 2nd largest holding. LGT Fund Management Co Ltd.'s holdings in Amazon.com were worth $48,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com in the 4th quarter worth approximately $25,000. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter worth approximately $40,000. Capitol Family Office Inc. purchased a new stake in Amazon.com in the 1st quarter worth approximately $42,000. Finally, Harbor Investment Advisory LLC lifted its stake in shares of Amazon.com by 0.7% in the 1st 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. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMZN. Stifel Nicolaus raised their target price on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Moffett Nathanson raised their target price on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Piper Sandler raised their target price on Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Scotiabank raised their target price on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. Finally, Rosenblatt Securities raised their target price on Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Two 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's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $262.87.

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their position. The transaction 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 Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, 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. In the last quarter, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Down 3.3%

AMZN stock traded down $7.91 on Wednesday, reaching $230.33. 60,798,520 shares of the company traded hands, compared to its average volume of 32,696,864. Amazon.com, Inc. has a one year low of $161.38 and a one year 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 company has a market cap of $2.46 trillion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 1.60 and a beta of 1.30. The firm has a fifty day simple moving average of $226.43 and a 200-day simple moving average of $208.24.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share 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 company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the company earned $1.26 EPS. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.