Morningstar Investment Management LLC Sells 6,847 Shares of Amazon.com, Inc. $AMZN

Key Points

• Morningstar Investment Management LLC has reduced its stake in Amazon.com, Inc. by 8.7% in the first quarter, currently holding 71,550 shares, valued at approximately $13.6 million.
• Several large investors, including GAMMA Investing LLC and Capital World Investors, significantly increased their holdings in Amazon, demonstrating continued institutional interest in the stock.
• AWS reported a revenue increase of 13.3% year-over-year, with Amazon exceeding analysts' earnings expectations for the quarter by reporting $1.68 EPS against an estimate of $1.31.

Morningstar Investment Management LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,550 shares of the e-commerce giant's stock after selling 6,847 shares during the quarter. Amazon.com accounts for 1.2% of Morningstar Investment Management LLC's portfolio, making the stock its 18th largest position. Morningstar Investment Management LLC's holdings in Amazon.com were worth $13,613,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMZN. GAMMA Investing LLC grew its holdings in shares of Amazon.com by 21,420.5% during 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 last quarter. Capital World Investors raised its stake in Amazon.com by 36.8% during 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 during the last quarter. Capital International Investors raised its stake in Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after buying an additional 12,000,745 shares during the last quarter. Northern Trust Corp raised its stake in Amazon.com by 14.0% during the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock valued at $21,297,564,000 after buying an additional 11,926,749 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Amazon.com during the 4th quarter valued at $2,037,963,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of AMZN stock traded down $2.60 on Monday, hitting $229.00. 26,167,914 shares of the stock traded hands, compared to its average volume of 37,773,448. The firm has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.91, a PEG ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The firm has a 50 day simple moving average of $224.66 and a two-hundred day simple moving average of $207.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for 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 company's revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Royal Bank Of Canada boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Robert W. Baird lifted their price target on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a research note on Friday, June 27th. Two equities 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $262.87.

Insider Activity

In other news, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. This trade represents a 23.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 6,835 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the sale, the chief executive officer owned 520,507 shares in the company, valued at $115,354,761.34. The trade was a 1.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,095,411 shares of company stock worth $5,675,473,849. 10.80% of the stock is currently owned by insiders.

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.