Ninepoint Partners LP Sells 1,408 Shares of Amazon.com, Inc. $AMZN

Key Points

• Ninepoint Partners LP sold 1,408 shares of Amazon.com, decreasing its position by 25% to hold a total of 4,217 shares valued at approximately $802,000.
• Amazon.com has reported better-than-expected quarterly earnings with an EPS of $1.68, surpassing analysts' predictions of $1.31 and achieving revenue of $167.70 billion.
• Analysts have mixed ratings on Amazon's stock, with a consensus rating of "Buy" and a target price of $262.87, while some firms recently adjusted their price targets.

Ninepoint Partners LP decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 25.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,217 shares of the e-commerce giant's stock after selling 1,408 shares during the quarter. Ninepoint Partners LP's holdings in Amazon.com were worth $802,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. FMR LLC lifted its position in shares of Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after buying an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares during the last quarter. Norges Bank bought a new stake in Amazon.com during the fourth quarter worth approximately $27,266,582,000. Finally, Northern Trust Corp grew its holdings in Amazon.com by 14.0% during the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock valued at $21,297,564,000 after purchasing an additional 11,926,749 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock traded up $6.89 during trading hours on Friday, reaching $228.84. 37,264,095 shares of the company's stock were exchanged, compared to its average volume of 46,830,960. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.44 trillion, a P/E ratio of 34.88, a P/E/G ratio of 1.49 and a beta of 1.31. The business has a fifty day moving average price of $222.63 and a 200-day moving average price of $208.26. 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 issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Zacks Research lowered shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Scotiabank raised 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 note on Tuesday, July 22nd. Finally, Oppenheimer lowered their target price on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $262.87.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly 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 document filed with the SEC, which is available through this hyperlink. Insiders sold 25,012,284 shares of company stock valued at $5,656,976,492 in the last three months. Corporate insiders own 9.70% of the company's stock.

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.