QRG Capital Management Inc. Trims Position in Amazon.com, Inc. $AMZN

Key Points

• QRG Capital Management Inc. reduced its stake in Amazon.com by 0.1%, selling 2,269 shares and owning 1,623,747 shares, which are now valued at $356.23 million.
• Analysts hold a generally positive outlook on Amazon.com, with a consensus rating of "Buy" and an average price target of $266.26, following several recent upgrades.
• Insider selling was significant, with CEO Andrew Jassy and CFO Brian T. Olsavsky both selling shares, contributing to a total of over 4.2 million shares sold by insiders in the last 90 days.

QRG Capital Management Inc. lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,623,747 shares of the e-commerce giant's stock after selling 2,269 shares during the period. Amazon.com comprises 3.1% of QRG Capital Management Inc.'s holdings, making the stock its 4th largest holding. QRG Capital Management Inc.'s holdings in Amazon.com were worth $356,234,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Carderock Capital Management Inc. bought a new position in shares of Amazon.com during the second quarter valued at $27,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the first quarter valued at $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the first quarter valued at $40,000. Capitol Family Office Inc. bought a new position in shares of Amazon.com during the first quarter valued at $42,000. Finally, Maryland Capital Advisors Inc. raised its stake in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMZN. Wedbush reaffirmed an "outperform" rating and set a $250.00 price target on shares of Amazon.com in a research note on Friday, September 19th. JMP Securities restated a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Cowen restated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Finally, Susquehanna boosted their price target on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $266.26.

Amazon.com Stock Performance

AMZN opened at $216.48 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company's fifty day moving average price is $225.56 and its two-hundred day moving average price is $213.20. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a market cap of $2.31 trillion, a price-to-earnings ratio of 33.00, a PEG ratio of 1.41 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share 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 firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. 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 expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's 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 transaction, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,252,009 shares of company stock valued at $976,047,640. 10.80% of the stock is currently owned by insiders.

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.

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