Oak Hill Wealth Advisors LLC Sells 1,424 Shares of Amazon.com, Inc. $AMZN

Key Points

• Oak Hill Wealth Advisors LLC has reduced its stake in Amazon.com, Inc. by 3.2%, now holding 42,475 shares valued at approximately $9.32 million.
• Institutional investors currently own 72.20% of Amazon's stock, with several hedge funds significantly increasing their positions during the second quarter.
• Amazon's recent earnings report showed an EPS of $1.68, exceeding estimates and reflecting a 13.3% increase in revenue year-over-year, totaling $167.70 billion.

Oak Hill Wealth Advisors LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,475 shares of the e-commerce giant's stock after selling 1,424 shares during the quarter. Amazon.com comprises about 1.9% of Oak Hill Wealth Advisors LLC's holdings, making the stock its 15th biggest holding. Oak Hill Wealth Advisors LLC's holdings in Amazon.com were worth $9,317,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Kingstone Capital Partners Texas LLC raised its stake in shares of Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock worth $29,100,194,000 after acquiring an additional 132,616,953 shares in the last quarter. Nuveen LLC purchased a new position in shares of Amazon.com in the first quarter worth $11,674,091,000. Goldman Sachs Group Inc. increased its stake in shares of Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock worth $11,017,657,000 after buying an additional 10,176,835 shares during the period. Vanguard Group Inc. increased its stake in shares of Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after buying an additional 8,913,959 shares during the period. Finally, Amundi increased its stake in shares of Amazon.com by 15.1% in the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant's stock worth $9,884,098,000 after buying an additional 7,267,277 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

AMZN opened at $216.48 on Tuesday. The company's 50-day simple moving average is $225.56 and its two-hundred day simple moving average is $213.20. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market capitalization of $2.31 trillion, a P/E ratio of 33.00, a P/E/G ratio of 1.41 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share 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 firm had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the prior year, the business earned $1.26 EPS. The business's quarterly revenue 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 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Truist Financial boosted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research report on Friday, August 1st. HSBC boosted their price objective on shares of Amazon.com from $256.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, September 29th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $265.00 price objective on shares of Amazon.com in a research report on Wednesday, September 24th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and a consensus price target of $266.26.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 17,785 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total value of $3,940,622.45. Following the transaction, the chief executive officer owned 3,138 shares in the company, valued at $695,286.66. This represents a 85.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the transaction, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,252,009 shares of company stock worth $976,047,640. 10.80% of the stock is currently owned by corporate insiders.

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.

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