True North Advisors LLC Trims Stock Position in Amazon.com, Inc. $AMZN

True North Advisors LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,963 shares of the e-commerce giant's stock after selling 3,004 shares during the period. Amazon.com makes up 1.0% of True North Advisors LLC's holdings, making the stock its 15th biggest holding. True North Advisors LLC's holdings in Amazon.com were worth $5,701,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Taylor Financial Group Inc. raised its position in Amazon.com by 1.6% in the first quarter. Taylor Financial Group Inc. now owns 5,634 shares of the e-commerce giant's stock valued at $1,072,000 after purchasing an additional 89 shares during the period. Johnson Financial Group LLC acquired a new position in Amazon.com during the 1st quarter worth about $1,072,000. Manhattan West Asset Management LLC grew its position in Amazon.com by 7.3% in the 1st quarter. Manhattan West Asset Management LLC now owns 78,694 shares of the e-commerce giant's stock valued at $14,972,000 after acquiring an additional 5,326 shares in the last quarter. Covestor Ltd lifted its position in shares of Amazon.com by 3.9% during the first quarter. Covestor Ltd now owns 5,546 shares of the e-commerce giant's stock worth $1,055,000 after purchasing an additional 206 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Amazon.com by 14.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 921,366 shares of the e-commerce giant's stock worth $175,299,000 after purchasing an additional 118,033 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMZN. Robert W. Baird raised their price target on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Bank of America increased their price objective on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday, August 1st. UBS Group reiterated a "buy" rating and issued a $271.00 price objective (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. The Goldman Sachs Group reiterated a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Finally, Royal Bank Of Canada increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Two research 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 MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com Stock Up 1.5%

Shares of NASDAQ:AMZN opened at $235.84 on Tuesday. The company has a market capitalization of $2.52 trillion, a PE ratio of 35.95, a P/E/G ratio of 1.56 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm has a 50 day simple moving average of $226.07 and a 200-day simple moving average of $208.03.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for 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%. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated 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 sale, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. Corporate insiders own 10.80% of the company's stock.

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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