Amazon.com, Inc. $AMZN Position Trimmed by Trivest Advisors Ltd

Key Points

• Trivest Advisors Ltd significantly reduced its stake in Amazon.com by selling 438,000 shares, leaving it with 352,000 shares, which now represent approximately 5.7% of its investment portfolio.
• In contrast, several other institutional investors, including Brighton Jones LLC and Revolve Wealth Partners LLC, have increased their holdings in Amazon.com during the same time frame.
• Amazon's stock has a current average rating of "Buy" from analysts, with a price target of $262.87, despite a recent stock price drop of 1.1% opening at $229.00.

Trivest Advisors Ltd cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 55.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 352,000 shares of the e-commerce giant's stock after selling 438,000 shares during the period. Amazon.com makes up approximately 5.7% of Trivest Advisors Ltd's holdings, making the stock its 9th largest holding. Trivest Advisors Ltd's holdings in Amazon.com were worth $66,972,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $25,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter worth about $35,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at about $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the first quarter worth about $40,000. Finally, Perritt Capital Management Inc grew its stake 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 purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMZN shares. Cantor Fitzgerald upped their price objective on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. upped their price target on Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Morgan Stanley reiterated an "overweight" rating and set a $300.00 target price on shares of Amazon.com in a research note on Thursday, August 14th. Wall Street Zen raised shares of Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, JMP Securities reiterated a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, 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 down $2.60 during trading on Monday, hitting $229.00. The company had a trading volume of 26,167,914 shares, compared to its average volume of 37,773,448. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The business's 50-day moving average is $224.25 and its 200 day moving average is $207.79. The company has a market cap of $2.44 trillion, a P/E ratio of 34.91, a PEG ratio of 1.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

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

Insider Activity

In related news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the transaction, the vice president owned 119,780 shares in the company, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,095,411 shares of company stock worth $5,675,473,849. 9.70% of the stock is owned by company insiders.

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.