Telemark Asset Management LLC Sells 50,000 Shares of Amazon.com, Inc. $AMZN

Key Points

• Telemark Asset Management LLC has reduced its stake in Amazon.com, Inc. by 20%, now holding 200,000 shares valued at approximately $38 million, making Amazon its fifth largest holding.
• Insider and founder Jeffrey P. Bezos sold over 4.27 million shares of Amazon's stock in July, leading to a decrease in his overall ownership by 0.47%.
• Amazon's quarterly earnings exceeded expectations, reporting $1.68 EPS against a projected $1.31, with revenue hitting $167.70 billion, a 13.3% increase year-over-year.

Telemark Asset Management LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 20.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 200,000 shares of the e-commerce giant's stock after selling 50,000 shares during the period. Amazon.com accounts for about 5.0% of Telemark Asset Management LLC's holdings, making the stock its 5th biggest position. Telemark Asset Management LLC's holdings in Amazon.com were worth $38,052,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares during the last quarter. Capital World Investors grew its position in Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares during the period. Capital International Investors raised its holdings in shares of Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares during the period. Northern Trust Corp lifted its stake in shares of Amazon.com by 14.0% in the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock valued at $21,297,564,000 after purchasing an additional 11,926,749 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock valued at $11,017,657,000 after purchasing an additional 10,176,835 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. Barclays boosted their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Wells Fargo & Company increased their price target on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, Stifel Nicolaus increased their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Two investment 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Performance

NASDAQ AMZN traded down $3.35 during trading hours on Friday, hitting $232.33. The company had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. 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 quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.48 trillion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.30. The business has a fifty day simple moving average of $225.74 and a 200-day simple moving average of $208.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 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 analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the transaction, the chief executive officer owned 2,178,502 shares of the company's stock, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares of the company's stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is owned by corporate insiders.

Amazon.com 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.