Amazon.com, Inc. $AMZN Shares Sold by Prudent Investors Network Inc.

Prudent Investors Network Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,376 shares of the e-commerce giant's stock after selling 7,958 shares during the period. Amazon.com accounts for about 2.5% of Prudent Investors Network Inc.'s holdings, making the stock its 15th biggest position. Prudent Investors Network Inc.'s holdings in Amazon.com were worth $8,823,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Westover Capital Advisors LLC increased its position in Amazon.com by 5.3% in the 1st quarter. Westover Capital Advisors LLC now owns 69,613 shares of the e-commerce giant's stock valued at $13,245,000 after acquiring an additional 3,511 shares during the period. Assetmark Inc. increased its position in Amazon.com by 5.8% in the 1st quarter. Assetmark Inc. now owns 1,779,058 shares of the e-commerce giant's stock valued at $338,484,000 after acquiring an additional 97,042 shares during the period. ANB Bank increased its position in Amazon.com by 1.0% in the 1st quarter. ANB Bank now owns 20,219 shares of the e-commerce giant's stock valued at $3,847,000 after acquiring an additional 197 shares during the period. Elefante Mark B increased its position in Amazon.com by 17.9% in the 1st quarter. Elefante Mark B now owns 23,390 shares of the e-commerce giant's stock valued at $4,450,000 after acquiring an additional 3,550 shares during the period. Finally, Avantax Advisory Services Inc. increased its position in Amazon.com by 5.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 730,441 shares of the e-commerce giant's stock valued at $138,974,000 after acquiring an additional 40,808 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $2.48 during trading on Thursday, hitting $231.60. 33,650,159 shares of the stock were exchanged, compared to its average volume of 46,110,316. The company has a fifty day moving average price of $223.86 and a two-hundred day moving average price of $208.12. The company 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. 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, 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 announced its quarterly 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 for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.26 EPS. 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 Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. The trade was a 26.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.62, for a total value of $1,514,772.70. Following the transaction, the chief executive officer owned 520,507 shares of the company's stock, valued at $115,354,761.34. This represents a 1.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.

Analyst Ratings Changes

Several brokerages recently issued reports on AMZN. Zacks Research cut Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. UBS Group reaffirmed a "buy" rating and issued a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Oppenheimer lowered their price objective on Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $285.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Finally, Roth Capital set a $250.00 price objective on Amazon.com and gave the company a "buy" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price 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.