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

Morningstar Investment Management LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,550 shares of the e-commerce giant's stock after selling 6,847 shares during the period. Amazon.com accounts for 1.2% of Morningstar Investment Management LLC's investment portfolio, making the stock its 18th biggest position. Morningstar Investment Management LLC's holdings in Amazon.com were worth $13,613,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter worth $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the 4th quarter worth $35,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 1st quarter worth $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the 1st quarter worth $40,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Bank of America lifted their price objective 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. Piper Sandler lifted their target price on shares of Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Cantor Fitzgerald boosted their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Zacks Research cut shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Morgan Stanley restated an "overweight" rating and issued a $300.00 price objective on shares of Amazon.com in a research report on Thursday, August 14th. Two research 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 company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $262.87.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,675,986,299 in the last 90 days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $231.60 on Friday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 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's 50-day moving average is $223.86 and its 200 day moving average is $208.12. The stock has a market capitalization of $2.47 trillion, a P/E ratio of 35.30, a P/E/G ratio of 1.54 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.

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