Tiller Private Wealth Inc. Sells 1,352 Shares of Amazon.com, Inc. $AMZN

Key Points

• Tiller Private Wealth Inc. reduced its holdings in Amazon.com, Inc. by 12.3%, selling 1,352 shares, and now owns a total of 9,660 shares valued at approximately $2.12 million.
• Several hedge funds increased their stake in Amazon.com, with Consolidated Capital Management LLC boosting its holdings by 7.1%, now owning shares worth $15.49 million.
• Amazon.com’s stock opened at $216.37, with a market cap of $2.31 trillion, and retains a consensus rating of "Buy" with a price target average of $266.26.

Tiller Private Wealth Inc. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,660 shares of the e-commerce giant's stock after selling 1,352 shares during the quarter. Amazon.com makes up approximately 0.8% of Tiller Private Wealth Inc.'s portfolio, making the stock its 16th largest position. Tiller Private Wealth Inc.'s holdings in Amazon.com were worth $2,120,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Consolidated Capital Management LLC boosted its holdings in shares of Amazon.com by 7.1% in the 2nd quarter. Consolidated Capital Management LLC now owns 70,620 shares of the e-commerce giant's stock worth $15,493,000 after buying an additional 4,681 shares during the last quarter. Sage Rhino Capital LLC boosted its holdings in shares of Amazon.com by 2.6% in the 2nd quarter. Sage Rhino Capital LLC now owns 17,939 shares of the e-commerce giant's stock worth $3,936,000 after buying an additional 449 shares during the last quarter. SFM LLC boosted its holdings in shares of Amazon.com by 2.4% in the 2nd quarter. SFM LLC now owns 31,219 shares of the e-commerce giant's stock worth $6,849,000 after buying an additional 746 shares during the last quarter. Michels Family Financial LLC boosted its holdings in shares of Amazon.com by 1.6% in the 2nd quarter. Michels Family Financial LLC now owns 4,945 shares of the e-commerce giant's stock worth $1,085,000 after buying an additional 79 shares during the last quarter. Finally, KG&L Capital Management LLC boosted its holdings in shares of Amazon.com by 7.2% in the 2nd quarter. KG&L Capital Management LLC now owns 60,544 shares of the e-commerce giant's stock worth $13,282,000 after buying an additional 4,076 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 17,785 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total value of $3,940,622.45. Following the transaction, the chief executive officer directly owned 3,138 shares in the company, valued at approximately $695,286.66. This represents a 85.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,040,098 shares of company stock valued at $3,204,129,405 in the last 90 days. 9.70% of the stock is owned by company insiders.

Amazon.com Trading Down 5.0%

Shares of Amazon.com stock opened at $216.37 on Friday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a market cap of $2.31 trillion, a price-to-earnings ratio of 32.98, a PEG ratio of 1.51 and a beta of 1.28. 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's 50-day moving average price is $225.94 and its 200-day moving average price is $211.82.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The company 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 revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AMZN shares. Stifel Nicolaus boosted their price target on shares of Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Robert W. Baird boosted their price target on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Wells Fargo & Company raised shares of Amazon.com from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $245.00 to $280.00 in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Finally, Susquehanna upped their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $266.26.

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.

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