Maestria Partners LLC Sells 29,000 Shares of Amazon.com, Inc. $AMZN

Key Points

• Maestria Partners reduced its Amazon stake by 19.7%, selling 29,000 shares in the second quarter while retaining 118,377 shares valued at approximately $28.2 million. Amazon remains the fund’s second-largest holding and represents 9.8% of its portfolio.
• Analyst sentiment remains positive: Amazon has a consensus “Moderate Buy” rating from 59 analysts, with an average price target of $321.63; several firms recently raised their targets.
• Amazon reported quarterly EPS of $5.75, well above the $1.82 consensus estimate, while revenue reached $200.61 billion, up 19.6% year over year. Separately, insiders have sold 70,589 shares worth about $18.3 million over the past 90 days.

Maestria Partners LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,377 shares of the e-commerce giant's stock after selling 29,000 shares during the quarter. Amazon.com comprises 9.8% of Maestria Partners LLC's investment portfolio, making the stock its 2nd biggest holding. Maestria Partners LLC's holdings in Amazon.com were worth $28,214,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bard Associates Inc. bought a new stake in shares of Amazon.com during the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC bought a new stake in Amazon.com in the second quarter worth approximately $33,000. Lifetime Wealth Management P.C. acquired a new position in Amazon.com in the fourth quarter valued at approximately $45,000. Prudent Man Investment Management Inc. lifted its stake in Amazon.com by 87.7% in the fourth quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant's stock valued at $53,000 after buying an additional 107 shares during the period. Finally, Strategic Wealth Advisors LLC bought a new position in shares of Amazon.com during the 2nd quarter worth approximately $68,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. KeyCorp raised their price objective on shares of Amazon.com from $335.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Wells Fargo & Company reissued an "overweight" rating and set a $338.00 target price (up from $328.00) on shares of Amazon.com in a research note on Thursday, September 3rd. Roth Capital reaffirmed a "buy" rating and issued a $325.00 price target on shares of Amazon.com in a research note on Monday, August 3rd. HSBC reissued a "buy" rating and set a $310.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Finally, Benchmark boosted their target price on Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $321.63.

Amazon.com Price Performance

Amazon.com stock opened at $251.52 on Friday. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The company's 50 day moving average price is $257.06 and its two-hundred day moving average price is $248.25. The stock has a market cap of $2.71 trillion, a P/E ratio of 20.23, a P/E/G ratio of 1.92 and a beta of 1.45. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $3.93. The company had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.Amazon.com's quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 8.01 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 9,258 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the sale, the senior vice president directly owned 41,190 shares of the company's stock, valued at $10,699,926.30. This trade represents a 18.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,362 shares of Amazon.com stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $1,647,821.62. Following the sale, the chief executive officer owned 476,681 shares in the company, valued at $123,465,145.81. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 70,589 shares of company stock valued at $18,329,015. 8.90% of the stock is currently owned by insiders.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: AWS data-center push received support: Amazon Web Services pledged more than $1 billion over five years for communities hosting its U.S. data centers, including job training, education and infrastructure initiatives. The investment is intended to ease resistance to new facilities and help Amazon secure capacity for AI workloads. Amazon to invest $1 billion over five years in US data center communities
• Positive Sentiment: AI and AWS growth remain the main bullish catalyst: Reports highlighted AWS’s rapid expansion, a more than $1 billion Synopsys agreement supporting custom-chip development, and Anthropic’s expected long-term AWS commitments of roughly $110 billion. Amazon also launched an AI agent that audits customers’ cloud environments, potentially increasing AWS usage while improving customer cost, security and performance management. Amazon Is Both Landlord And Shareholder In Anthropic’s Giant Cloud Bet
• Positive Sentiment: Analyst confidence provided additional support: Goldman Sachs added Amazon to its conviction list, while New Street raised its price target to $385 and maintained a Buy rating. Analysts cited AWS growth, generative AI exposure and potential retail-margin improvement as reasons for longer-term upside. New Street Adjusts Price Target on Amazon.com to $385
• Neutral Sentiment: Amazon is reportedly exploring an $8 billion chip sale-and-leaseback: Moving Nvidia AI chips to an investment vehicle could make the balance sheet more asset-light and help fund capital spending, but it also underscores the scale of Amazon’s AI infrastructure costs and financing requirements. Amazon seeks to offload $8 billion of Nvidia chips
• Negative Sentiment: Investors face profitability and regulatory risks: Analysts questioned how much AWS earnings are distorted by unrealized Anthropic investment gains, while surging AI capital expenditures could pressure free cash flow. Potential tougher EU cloud rules, data-center opposition, warehouse labor actions and Prime-related settlement payments add further uncertainty. What Are Amazon Investors Paying for AWS Without Investment Gains?

Amazon.com Company Profile

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

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