Amazon.com, Inc. $AMZN Shares Sold by Obermeyer Wealth Partners

Key Points

• Obermeyer Wealth Partners has reduced its stake in Amazon.com by 1.5%, holding 269,366 shares valued at approximately $51.25 million, making it the fund's 10th largest holding.
• Amazon.com's stock is currently rated as a "Buy" with an average price target of $262.87 among analysts, with recent target increases from firms like UBS and JPMorgan.
• The stock has recently traded down 1.8%, reaching $223.81, with the company reporting strong quarterly earnings of $1.68 EPS, exceeding estimates.

Obermeyer Wealth Partners trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 269,366 shares of the e-commerce giant's stock after selling 4,149 shares during the quarter. Amazon.com makes up 2.7% of Obermeyer Wealth Partners' portfolio, making the stock its 10th biggest holding. Obermeyer Wealth Partners' holdings in Amazon.com were worth $51,249,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Western Wealth Management LLC increased its stake in Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after acquiring an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth about $749,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter worth about $514,000. Segall Bryant & Hamill LLC boosted its holdings in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Finally, Bearing Point Capital LLC purchased a new position in Amazon.com in the fourth quarter valued at about $12,014,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 3.0%

Shares of Amazon.com stock traded up $6.6690 on Friday, hitting $228.6190. 23,563,066 shares of the company's stock traded hands, compared to its average volume of 44,459,570. The firm's 50-day moving average price is $222.30 and its two-hundred day moving average price is $208.35. The stock has a market capitalization of $2.44 trillion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one 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.

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

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 4,784 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the completion of the sale, the chief executive officer owned 510,255 shares of the company's stock, valued at approximately $118,542,441.60. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,012,284 shares of company stock valued at $5,656,976,492. 9.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AMZN shares. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Robert W. Baird increased their price objective on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Monness Crespi & Hardt increased their price objective on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. increased their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Wall Street Zen upgraded Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target 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.