Next Century Growth Investors LLC Reduces Holdings in Amazon.com, Inc. $AMZN

Key Points

• Next Century Growth Investors LLC reduced its ownership in Amazon.com by 13.8%, selling 7,959 shares during the first quarter, bringing their total holdings to 49,699 shares valued at approximately $9.46 million.
• Amazon's CEO Jeffrey Bezos sold over 4.27 million shares on July 11th for a total of nearly $960.67 million, resulting in a 0.47% decrease in his ownership.
• Amazon reported a revenue increase of 13.3% year-over-year, achieving $167.70 billion in revenue and exceeding analyst estimates, alongside an earnings per share of $1.68 for the last quarter.

Next Century Growth Investors LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,699 shares of the e-commerce giant's stock after selling 7,959 shares during the period. Next Century Growth Investors LLC's holdings in Amazon.com were worth $9,456,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Brighton Jones LLC boosted its stake in Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after acquiring an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after buying an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after buying an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE increased its holdings in Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after buying an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $2,153,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock traded up $3.28 during mid-day trading on Monday, hitting $231.43. The stock had a trading volume of 33,192,787 shares, compared to its average volume of 32,656,170. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm has a market cap of $2.47 trillion, a PE ratio of 35.28, a PEG ratio of 1.53 and a beta of 1.31. 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 simple moving average is $227.03 and its 200-day simple moving average is $208.71.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results 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 company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter last year, the business earned $1.26 EPS. The business's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,715 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at approximately $26,548,039.20. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on AMZN. Wedbush boosted their target price on shares of Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Citizens Jmp began coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating on the stock. Cantor Fitzgerald increased their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Bank of America increased their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Scotiabank increased their target price on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $262.87.

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.