TD Asset Management Inc Lowers Stock Position in Amazon.com, Inc. $AMZN

TD Asset Management Inc cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,382,783 shares of the e-commerce giant's stock after selling 163,907 shares during the quarter. Amazon.com accounts for 1.5% of TD Asset Management Inc's holdings, making the stock its 10th largest position. TD Asset Management Inc owned 0.08% of Amazon.com worth $1,594,908,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com during the fourth quarter worth approximately $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the fourth quarter worth approximately $27,000. LSV Asset Management bought a new position in Amazon.com in the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC bought a new position in Amazon.com in the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC bought a new position in Amazon.com in the first quarter valued at approximately $40,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AMZN shares. UBS Group reissued a "buy" rating and issued a $271.00 price objective (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Citizens Jmp started coverage on shares of Amazon.com in a research note on Thursday, July 10th. They issued a "strong-buy" rating on the stock. Oppenheimer decreased their price objective on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Piper Sandler lifted their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective on the stock in a research note on Friday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $227.94 on Tuesday. 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 debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm has a market capitalization of $2.43 trillion, a P/E ratio of 34.75, a P/E/G ratio of 1.54 and a beta of 1.31. The company's 50 day moving average price is $222.87 and its two-hundred day moving average price is $207.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 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 net margin of 10.54% and a return on equity of 23.84%. Amazon.com's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 25,097,911 shares of company stock worth $5,675,986,299 in the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Company Profile

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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