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. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.2% during the first quarter, according to its most recent filing with the SEC. 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 portfolio, making the stock its 2nd biggest holding. Sterling Investment Advisors Ltd.'s holdings in Amazon.com were worth $13,296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ballast Advisors LLC lifted its holdings in Amazon.com by 0.6% in the 1st quarter. Ballast Advisors LLC now owns 20,725 shares of the e-commerce giant's stock valued at $3,943,000 after purchasing an additional 116 shares in the last quarter. Valued Retirements Inc. lifted its holdings in Amazon.com by 10.3% in the 1st quarter. Valued Retirements Inc. now owns 5,079 shares of the e-commerce giant's stock valued at $966,000 after purchasing an additional 474 shares in the last quarter. Alteri Wealth LLC lifted its holdings in Amazon.com by 1.3% in the 1st quarter. Alteri Wealth LLC now owns 25,720 shares of the e-commerce giant's stock valued at $4,893,000 after purchasing an additional 325 shares in the last quarter. MRP Capital Investments LLC lifted its holdings in Amazon.com by 2.0% in the 1st quarter. MRP Capital Investments LLC now owns 11,655 shares of the e-commerce giant's stock valued at $2,217,000 after purchasing an additional 225 shares in the last quarter. Finally, Texas Yale Capital Corp. lifted its holdings in Amazon.com by 4.4% in the 1st quarter. Texas Yale Capital Corp. now owns 38,430 shares of the e-commerce giant's stock valued at $7,312,000 after purchasing an additional 1,607 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 1.1%

AMZN traded down $2.60 on Friday, hitting $229.00. The company had a trading volume of 26,167,914 shares, compared to its average volume of 42,576,432. The firm has a market cap of $2.44 trillion, a P/E ratio of 34.91, a PEG ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company's fifty day moving average price is $224.25 and its 200 day moving average price is $207.95. 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 (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, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMZN. Robert W. Baird raised their price objective on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Jefferies Financial Group lifted their price target on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Benchmark reiterated a "buy" rating and set a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Finally, Piper Sandler lifted their price target on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Amazon.com presently has a consensus rating of "Buy" and an average price target of $262.87.

Insider Activity at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 6,835 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the sale, the chief executive officer owned 520,507 shares in the company, valued at $115,354,761.34. This trade 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 sold 25,097,911 shares of company stock valued at $5,675,986,299. 9.70% of the stock is 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.