Amazon.com, Inc. $AMZN Stock Holdings Decreased by Towercrest Capital Management

Key Points

• Towercrest Capital Management reduced its investment in Amazon.com, Inc. by 28.6%, selling 1,721 shares and holding a total of 4,304 shares valued at $819,000.
• Amazon.com recently reported a quarterly earnings per share of $1.68, exceeding estimates, with revenue of $167.70 billion, marking a year-over-year increase of 13.3%.
• Despite recent insider sales, Amazon maintains a strong presence among institutional investors, with 72.20% of its stock owned by them.

Towercrest Capital Management cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 28.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,304 shares of the e-commerce giant's stock after selling 1,721 shares during the period. Towercrest Capital Management's holdings in Amazon.com were worth $819,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Western Wealth Management LLC lifted its position in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Amazon.com in the 1st quarter valued at about $514,000. Bearing Point Capital LLC bought a new stake in Amazon.com in the 4th quarter valued at about $12,014,000. Evergreen Capital Management LLC lifted its position in Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Keyvantage Wealth LLC bought a new stake in Amazon.com in the 4th quarter valued at about $2,735,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on AMZN shares. Barclays lifted their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research report 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 report on Friday, August 1st. Oppenheimer cut 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 report on Friday, August 1st. Cantor Fitzgerald boosted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Amazon.com has an average rating of "Buy" and a consensus target price of $262.87.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded up $0.65 during midday trading on Wednesday, reaching $225.99. The company's stock had a trading volume of 28,213,244 shares, compared to its average volume of 33,878,940. 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 has a 50 day moving average price of $225.19 and a 200 day moving average price of $208.04. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a market cap of $2.41 trillion, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30.

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, topping 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 business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the firm earned $1.26 EPS. The business's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 25,095,411 shares of company stock valued at $5,675,473,849 over the last quarter. Company insiders own 10.80% of the company's stock.

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.