Amazon.com, Inc. $AMZN Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its holdings in Amazon.com, Inc. by 1.9% in Q1, owning 8,382,783 shares after selling 163,907 shares, with Amazon currently representing 1.5% of their portfolio.
• Equities analysts have maintained a positive outlook on Amazon, with a consensus rating of “Buy” and target prices raised by several firms, the highest being $272.00 from Bank of America.
• Insider Jeffrey P. Bezos sold over 4 million shares of Amazon.com for approximately $960.67 million, reducing his ownership by 0.47%, with insiders collectively selling about $5.68 billion in shares over the last 90 days.

TD Asset Management Inc reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,382,783 shares of the e-commerce giant's stock after selling 163,907 shares during the quarter. Amazon.com comprises approximately 1.5% of TD Asset Management Inc's investment portfolio, making the stock its 10th biggest holding. TD Asset Management Inc owned about 0.08% of Amazon.com worth $1,594,908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the fourth quarter valued at $35,000. Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the last quarter. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter valued at $40,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This 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 the SEC website. Insiders sold a total of 25,097,911 shares of company stock worth $5,675,986,299 in the last quarter. Corporate insiders own 9.70% of the company's stock.

Amazon.com Price Performance

AMZN stock traded down $2.60 during mid-day trading on Friday, reaching $229.00. 26,167,914 shares of the company's stock were exchanged, compared to its average volume of 42,576,432. The company has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31. The stock's 50 day moving average is $224.25 and its 200 day moving average is $208.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly 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 the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AMZN. BMO Capital Markets boosted their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Needham & Company LLC reissued a "buy" rating and set a $265.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 1st. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $262.87.

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.