Sovran Advisors LLC Grows Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Sovran Advisors LLC increased its stake in Amazon.com, Inc. by 3.2% during the second quarter, bringing their total holdings to 41,401 shares valued at approximately $9.08 million.
• Insider trading shows VP Shelley Reynolds and CEO Douglas J. Herrington sold shares, with total insider sales amounting to over $5.67 billion in the last three months.
• Analysts have provided mixed ratings for Amazon, with Zacks Research downgrading it to a "hold" while Bank of America set a new price target of $272.00 and maintains a "buy" rating.

Sovran Advisors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,401 shares of the e-commerce giant's stock after buying an additional 1,294 shares during the period. Amazon.com comprises 1.0% of Sovran Advisors LLC's portfolio, making the stock its 24th largest holding. Sovran Advisors LLC's holdings in Amazon.com were worth $9,082,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter worth $25,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter worth about $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter worth about $40,000. Capitol Family Office Inc. bought a new stake in shares of Amazon.com in the 1st quarter worth about $42,000. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Amazon.com by 0.7% in the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 2,145 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,715 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president owned 119,780 shares of the company's stock, valued at approximately $26,548,039.20. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total transaction of $558,725.00. Following the completion of the transaction, the chief executive officer owned 518,007 shares in the company, valued at approximately $115,769,384.43. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $220.71 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a fifty day moving average of $227.74 and a two-hundred day moving average of $209.76. The stock has a market capitalization of $2.35 trillion, a PE ratio of 33.64, a P/E/G ratio of 1.52 and a beta of 1.30. 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 quarterly earnings data 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 net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMZN shares. Zacks Research lowered shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Bank of America lifted their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $250.00 price objective on shares of Amazon.com in a research report on Friday, September 19th. Two investment 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's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $263.30.

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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