Amazon.com, Inc. $AMZN Shares Sold by Sterling Investment Advisors Ltd.

Key Points

• Sterling Investment Advisors Ltd. reduced its stake in Amazon.com, Inc. by 2.2% during the first quarter, now holding 69,886 shares valued at approximately $13.3 million.
• Analysts have raised their price targets for Amazon, with Bank of America increasing their target from $265 to $272, and the consensus rating remains a "Buy" with an average price target of $262.87.
• Amazon reported impressive earnings, with a Q2 EPS of $1.68, surpassing expectations significantly, and overall revenue increasing by 13.3% year-over-year.

Sterling Investment Advisors Ltd. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,886 shares of the e-commerce giant's stock after selling 1,569 shares during the period. Amazon.com accounts for approximately 3.2% of Sterling Investment Advisors Ltd.'s investment portfolio, making the stock its 2nd biggest position. Sterling Investment Advisors Ltd.'s holdings in Amazon.com were worth $13,296,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the 4th quarter valued at approximately $35,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at approximately $40,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 1.1%

NASDAQ:AMZN traded up $2.48 during midday trading on Thursday, hitting $231.60. 33,645,386 shares of the company were exchanged, compared to its average volume of 44,096,445. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. 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 has a market capitalization of $2.47 trillion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31. The company has a fifty day simple moving average of $223.48 and a 200 day simple moving average of $208.13.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on AMZN. Morgan Stanley reissued an "overweight" rating and issued a $300.00 price target on shares of Amazon.com in a research note on Thursday, August 14th. Barclays increased their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Zacks Research cut shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Canaccord Genuity Group reissued a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, HSBC raised their price target on shares of Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Two research 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 company. According to MarketBeat.com, Amazon.com has an average rating of "Buy" and an average target price of $262.87.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.62, for a total value of $1,514,772.70. Following the sale, the chief executive officer owned 520,507 shares of the company's stock, valued at $115,354,761.34. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,097,911 shares of company stock valued at $5,675,986,299. Corporate insiders own 9.70% of the company's stock.

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.