Amazon.com, Inc. $AMZN Position Cut by Portland Global Advisors LLC

Key Points

• Portland Global Advisors LLC reduced its stake in Amazon.com by 27.2% in the first quarter, now holding 11,132 shares valued at $2.11 million.
• Wall Street analysts maintain a positive outlook for Amazon.com, with multiple firms issuing "buy" ratings and an average price target of $262.87.
• Insider Jeffrey P. Bezos sold over 4.2 million shares of Amazon stock, decreasing his ownership by 0.47% while still retaining a significant position valued at $201.8 billion.

Portland Global Advisors LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 27.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,132 shares of the e-commerce giant's stock after selling 4,153 shares during the period. Portland Global Advisors LLC's holdings in Amazon.com were worth $2,118,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AMZN. Western Wealth Management LLC raised its stake in shares of Amazon.com by 0.9% during the 1st 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 in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter worth $514,000. Bearing Point Capital LLC purchased a new stake in Amazon.com during the fourth quarter worth $12,014,000. Evergreen Capital Management LLC boosted its holdings in Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after buying an additional 1,198 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after buying an additional 2,196,353 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMZN. Needham & Company LLC reiterated a "buy" rating and issued a $265.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Royal Bank Of Canada lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Canaccord Genuity Group reiterated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Finally, Truist Financial lifted their price target on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Performance

Shares of Amazon.com stock traded up $2.48 during trading on Thursday, reaching $231.60. The company's stock had a trading volume of 33,650,159 shares, compared to its average volume of 46,110,316. The company has a 50-day moving average price of $223.48 and a two-hundred day moving average price of $208.13. The firm has a market cap of $2.47 trillion, a PE ratio of 35.30, a P/E/G ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

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. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the previous year, the firm earned $1.26 EPS. The business's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have sold 25,097,911 shares of company stock worth $5,675,986,299. Corporate insiders own 9.70% of the company's stock.

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.