Tounjian Advisory Partners LLC Trims Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Tounjian Advisory Partners LLC reduced its stake in Amazon.com by 1.6%, now holding 77,474 shares valued at approximately $16.99 million.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon, totaling nearly $960.67 million, resulting in a slight decrease in his ownership stake.
• Analysts have set an average target price of $263.30 for Amazon, with the majority giving it a "buy" rating following strong quarterly earnings results.

Tounjian Advisory Partners LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,474 shares of the e-commerce giant's stock after selling 1,276 shares during the period. Amazon.com comprises about 3.0% of Tounjian Advisory Partners LLC's portfolio, making the stock its 4th biggest position. Tounjian Advisory Partners LLC's holdings in Amazon.com were worth $16,997,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Mirador Capital Partners LP boosted its holdings in Amazon.com by 1.7% in the second quarter. Mirador Capital Partners LP now owns 101,483 shares of the e-commerce giant's stock valued at $22,264,000 after acquiring an additional 1,682 shares during the last quarter. Baron Wealth Management LLC boosted its stake in shares of Amazon.com by 20.5% in the 2nd quarter. Baron Wealth Management LLC now owns 13,774 shares of the e-commerce giant's stock valued at $3,022,000 after purchasing an additional 2,346 shares during the last quarter. Goelzer Investment Management Inc. boosted its stake in shares of Amazon.com by 0.8% in the 2nd quarter. Goelzer Investment Management Inc. now owns 52,898 shares of the e-commerce giant's stock valued at $11,605,000 after purchasing an additional 431 shares during the last quarter. Leibman Financial Services Inc. boosted its stake in shares of Amazon.com by 61.7% in the 2nd quarter. Leibman Financial Services Inc. now owns 19,156 shares of the e-commerce giant's stock valued at $4,203,000 after purchasing an additional 7,309 shares during the last quarter. Finally, David J Yvars Group boosted its stake in shares of Amazon.com by 28.5% in the 2nd quarter. David J Yvars Group now owns 8,163 shares of the e-commerce giant's stock valued at $1,791,000 after purchasing an additional 1,811 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Moffett Nathanson upped their price target on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Royal Bank Of Canada upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Truist Financial upped their target price on Amazon.com from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Rosenblatt Securities upped their target price on Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus upped their target price on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $263.30.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Down 1.7%

AMZN opened at $227.63 on Tuesday. 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 company's 50-day moving average is $227.85 and its 200 day moving average is $209.69. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm has a market capitalization of $2.43 trillion, a P/E ratio of 34.70, a PEG ratio of 1.55 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the firm earned $1.26 earnings per share. The firm's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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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