SCS Capital Management LLC Sells 204,805 Shares of Amazon.com, Inc. $AMZN

Key Points

• SCS Capital Management LLC reduced its holdings in Amazon.com, Inc. by 65.9% in the first quarter, owning only 106,199 shares after selling 204,805 shares.
• Analysts have varying opinions on Amazon's stock, with price targets ranging from $245.00 to $280.00 and an overall average rating of "Buy".
• Amazon reported strong earnings with an EPS of $1.68, exceeding estimates and showing a revenue of $167.70 billion for the last quarter.

SCS Capital Management LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 65.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,199 shares of the e-commerce giant's stock after selling 204,805 shares during the quarter. SCS Capital Management LLC's holdings in Amazon.com were worth $20,205,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AMZN. Nuveen LLC purchased a new stake in shares of Amazon.com during the first quarter worth approximately $11,674,091,000. GAMMA Investing LLC raised its position in Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Northern Trust Corp raised its position in Amazon.com by 14.0% in the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after acquiring an additional 11,926,749 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock worth $11,017,657,000 after acquiring an additional 10,176,835 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Amazon.com in the fourth quarter worth $2,037,963,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 1.8%

Shares of Amazon.com stock traded down $4.30 on Wednesday, reaching $229.75. 7,691,759 shares of the company were exchanged, compared to its average volume of 43,483,219. The stock has a fifty day moving average price of $227.32 and a 200-day moving average price of $208.89. The firm has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 35.07, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. 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 fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The company 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%.Amazon.com's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.26 earnings per share. 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 year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMZN. Susquehanna increased their price objective on Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Morgan Stanley reiterated an "overweight" rating on shares of Amazon.com in a research report on Wednesday, September 10th. Telsey Advisory Group restated an "outperform" rating and issued a $265.00 price target on shares of Amazon.com in a research report on Wednesday, August 13th. Barclays raised their price target on Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $263.30.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. 10.80% of the stock is currently owned by company 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.