Norden Group LLC Has $17.94 Million Position in Amazon.com, Inc. $AMZN

Key Points

• Norden Group LLC decreased its investment in Amazon.com by 3.3% in the first quarter, holding 94,295 shares worth approximately $17.94 million, making Amazon its 7th largest investment.
• Insider Jeffrey P. Bezos sold over 4.2 million shares of Amazon for nearly $960.67 million, reducing his ownership by 0.47% while still retaining over 897 million shares valued at around $201.82 billion.
• Amazon.com reported a quarterly earnings per share of $1.68, exceeding analysts' expectations, while revenue increased by 13.3% year-over-year to $167.70 billion.

Norden Group LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,295 shares of the e-commerce giant's stock after selling 3,176 shares during the period. Amazon.com comprises 2.1% of Norden Group LLC's portfolio, making the stock its 7th largest holding. Norden Group LLC's holdings in Amazon.com were worth $17,941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised 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 purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors raised its holdings in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Capital International Investors raised its holdings in shares of Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the last quarter. Northern Trust Corp raised its holdings in shares of 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. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $2,037,963,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 25,097,911 shares of company stock worth $5,675,986,299 in the last three months. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $2.48 during midday trading on Thursday, reaching $231.60. 33,650,159 shares of the company were exchanged, compared to its average volume of 46,110,316. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The business's fifty day moving average is $223.48 and its two-hundred day moving average is $208.13. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The stock has a market cap of $2.47 trillion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. HSBC boosted their price objective on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Citigroup reaffirmed an "overweight" rating on shares of Amazon.com in a report on Wednesday, August 13th. Piper Sandler upped their target price on shares of Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, August 1st. UBS Group reaffirmed a "buy" rating and set a $271.00 target price (up from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Finally, Benchmark reaffirmed a "buy" rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $262.87.

Amazon.com Company 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.