Amazon.com, Inc. $AMZN Shares Sold by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in Amazon.com, Inc. by 0.1%, holding 2,708,692 shares valued at approximately $515 million.
• Amazon reported a quarterly earnings of $1.68 EPS, surpassing analysts' expectations of $1.31 and achieving revenue of $167.70 billion, a 13.3% increase year-over-year.
• Amazon's stock has a market cap of $2.43 trillion, with trading activity showing a notable volume of 38.4 million shares traded recently.

OMERS ADMINISTRATION Corp cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,708,692 shares of the e-commerce giant's stock after selling 1,934 shares during the quarter. Amazon.com accounts for 4.5% of OMERS ADMINISTRATION Corp's portfolio, making the stock its 3rd largest position. OMERS ADMINISTRATION Corp's holdings in Amazon.com were worth $515,356,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AMZN. Nuveen LLC acquired a new position in shares of Amazon.com during the 1st quarter valued at $11,674,091,000. GAMMA Investing LLC increased its position in shares of Amazon.com by 21,420.5% during the 1st 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 period. Capital World Investors increased its position in shares of Amazon.com by 36.8% during the 4th 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 period. Northern Trust Corp increased its position in shares of Amazon.com by 14.0% during the 4th 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 period. Finally, Goldman Sachs Group Inc. increased its position in shares of Amazon.com by 21.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock valued at $11,017,657,000 after purchasing an additional 10,176,835 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AMZN shares. Bank of America lifted their price target on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Rosenblatt Securities lifted their target price on Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Wells Fargo & Company lifted their target price on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Finally, Wall Street Zen upgraded Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $262.87.

Insiders Place Their Bets

In related news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of Amazon.com 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 sale, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 over the last quarter. 10.80% of the stock is owned by insiders.

Amazon.com Stock Up 1.4%

Shares of Amazon.com stock traded up $3.28 during midday trading on Monday, hitting $231.43. The company's stock had a trading volume of 33,192,787 shares, compared to its average volume of 32,656,170. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 35.28, a PEG ratio of 1.53 and a beta of 1.31. The stock has a 50-day simple moving average of $227.03 and a 200-day simple moving average of $208.71. 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, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

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, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

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.