M.D. Sass LLC Reduces Position in Amazon.com, Inc. $AMZN

Key Points

• M.D. Sass LLC sold 6,404 shares of Amazon.com, Inc., reducing its holdings by 14.8% to 36,761 shares, accounting for approximately 0.6% of its portfolio.
• CEO Andrew R. Jassy sold nearly 20,000 shares of Amazon on August 21st, reducing his ownership by 0.90% and generating over $4.4 million from the sale.
• Wall Street analysts have increased their price targets for Amazon, with a consensus target now set at $262.87, indicating a generally positive outlook for the stock's performance.

M.D. Sass LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,761 shares of the e-commerce giant's stock after selling 6,404 shares during the period. Amazon.com comprises approximately 0.6% of M.D. Sass LLC's portfolio, making the stock its 25th largest position. M.D. Sass LLC's holdings in Amazon.com were worth $6,994,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $25,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the fourth quarter worth about $35,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $40,000. Finally, Capitol Family Office Inc. purchased a new stake in shares of Amazon.com during the first quarter worth about $42,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. This represents a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last ninety days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Down 1.4%

Shares of NASDAQ AMZN traded down $3.35 on Friday, reaching $232.33. 36,684,807 shares of the company's stock traded hands, compared to its average volume of 32,905,296. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The business's 50 day simple moving average is $225.74 and its two-hundred day simple moving average is $208.13. The company has a market cap 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. 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 (NASDAQ:AMZN - Get Free Report) last announced its earnings results 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. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMZN. Bank of America increased their target price on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Susquehanna raised their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Stifel Nicolaus raised their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $262.87.

About Amazon.com

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.