Professional Advisory Services Inc. Sells 2,452 Shares of Amazon.com, Inc. $AMZN

Key Points

• Professional Advisory Services Inc. sold 2,452 shares of Amazon.com, Inc., reducing its stake by 1.7%, leaving it with a total of 144,933 shares valued at approximately $31.8 million.
• Insider trading at Amazon.com included SVP David Zapolsky selling 13,570 shares for over $3 million, and CEO Douglas J. Herrington selling 2,500 shares valued at around $558,725.
• Wall Street analysts have a consensus price target for Amazon of $264.04, with forty-seven analysts rating it as a buy, indicating ongoing optimism about the company's future performance.

Professional Advisory Services Inc. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 144,933 shares of the e-commerce giant's stock after selling 2,452 shares during the period. Amazon.com comprises about 4.3% of Professional Advisory Services Inc.'s holdings, making the stock its 2nd largest position. Professional Advisory Services Inc.'s holdings in Amazon.com were worth $31,797,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Western Wealth Management LLC increased its position in shares of 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 purchasing an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC increased its position in shares of Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant's stock worth $968,000 after purchasing an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Amazon.com during the first quarter worth about $514,000. McIlrath & Eck LLC increased its position in shares of Amazon.com by 8.8% during the fourth quarter. McIlrath & Eck LLC now owns 18,498 shares of the e-commerce giant's stock worth $4,058,000 after purchasing an additional 1,490 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its position in shares of Amazon.com by 0.7% during the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after purchasing an additional 2,145 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares of the company's stock, valued at $9,825,943.60. This represents a 23.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total value of $558,725.00. Following the transaction, the chief executive officer directly owned 518,007 shares in the company, valued at approximately $115,769,384.43. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,997,911 shares of company stock worth $4,989,630,574 in the last quarter. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AMZN shares. Oppenheimer dropped their price target on Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Zacks Research cut Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Citigroup restated an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. Royal Bank Of Canada boosted their price target on Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Needham & Company LLC restated a "buy" rating and issued a $265.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of "Buy" and a consensus price target of $264.04.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $219.78 on Friday. The business's 50 day simple moving average is $227.44 and its 200-day simple moving average is $210.23. The firm has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 33.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30. 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, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.

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

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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