Tran Capital Management L.P. Sells 4,672 Shares of Amazon.com, Inc. $AMZN

Key Points

• Tran Capital Management L.P. has reduced its shares in Amazon.com, selling 4,672 shares, bringing its total holdings down to 292,285, which still constitutes 7.5% of the firm's portfolio.
• Insider trading activity includes SVP David Zapolsky selling 13,570 shares and CEO Andrew Jassy selling 19,872 shares, indicating a significant reduction in their ownership stakes.
• Analyst ratings for Amazon.com are generally positive, with several firms setting target prices above $250, reflecting strong investor sentiment despite minor insider selling.

Tran Capital Management L.P. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 292,285 shares of the e-commerce giant's stock after selling 4,672 shares during the period. Amazon.com accounts for 7.5% of Tran Capital Management L.P.'s holdings, making the stock its 2nd biggest holding. Tran Capital Management L.P.'s holdings in Amazon.com were worth $64,124,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Western Wealth Management LLC lifted its holdings in shares of Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after purchasing an additional 1,297 shares during the period. Flaharty Asset Management LLC lifted its holdings in Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant's stock valued at $968,000 after buying an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in Amazon.com in the first quarter valued at $514,000. McIlrath & Eck LLC lifted its holdings in Amazon.com by 8.8% in the fourth quarter. McIlrath & Eck LLC now owns 18,498 shares of the e-commerce giant's stock valued at $4,058,000 after buying an additional 1,490 shares during the period. Finally, Harbor Investment Advisory LLC lifted its holdings in Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock valued at $58,000 after buying an additional 2,145 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 44,110 shares of the company's stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction dated 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 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 a total of 21,770,485 shares of company stock valued at $4,938,795,968 over the last quarter. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on AMZN. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a report on Tuesday, July 1st. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Wedbush restated an "outperform" rating and issued a $250.00 target price on shares of Amazon.com in a report on Friday, September 19th. Truist Financial boosted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Finally, Pivotal Research boosted their target price on shares of Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 1st. Two investment 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's stock. According to MarketBeat, Amazon.com has an average rating of "Buy" and an average price target of $264.13.

Amazon.com Trading Up 1.1%

NASDAQ:AMZN opened at $222.17 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 firm has a 50-day moving average of $227.30 and a 200-day moving average of $210.52. The company has a market cap of $2.37 trillion, a PE ratio of 33.87, a PEG ratio of 1.47 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its 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 the consensus estimate 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 for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.

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