Towercrest Capital Management Lowers Holdings in Amazon.com, Inc. $AMZN

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 decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 28.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the 4th quarter worth $25,000. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter worth about $35,000. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter worth about $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com in the first quarter worth about $40,000. Finally, Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN traded down $2.60 on Friday, hitting $229.00. The company had a trading volume of 26,167,914 shares, compared to its average volume of 37,773,448. The company has a market capitalization of $2.44 trillion, a PE ratio of 34.91, a PEG ratio of 1.54 and a beta of 1.31. The company's fifty day moving average price is $224.25 and its 200-day moving average price is $207.95. 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 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares of the company's stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock worth $5,675,986,299 over the last 90 days. Corporate insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AMZN shares. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a research report on Friday, June 27th. JMP Securities reissued a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, August 1st. The Goldman Sachs Group restated a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Tigress Financial boosted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company upped their price target on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Two 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. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Buy" and a consensus target price of $262.87.

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.