Union Bancaire Privee UBP SA Sells 120,633 Shares of Amazon.com, Inc. $AMZN

Key Points

• Union Bancaire Privee UBP SA reduced its Amazon shares by 120,633, representing an 8.7% decrease in its holdings, now totaling 1,270,156 shares valued at approximately $255.8 million.
• Several institutional investors have recently modified their stakes in Amazon, with new investments ranging from $27,000 to $42,000 by various firms.
• Amazon's stock has a consensus rating of "Buy" from analysts, with a current average price target of $266.26, after upgrading from several brokerages.

Union Bancaire Privee UBP SA decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,270,156 shares of the e-commerce giant's stock after selling 120,633 shares during the period. Amazon.com comprises 5.1% of Union Bancaire Privee UBP SA's holdings, making the stock its 2nd largest holding. Union Bancaire Privee UBP SA's holdings in Amazon.com were worth $255,810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. Carderock Capital Management Inc. bought a new position in Amazon.com in the 2nd quarter valued at approximately $27,000. Cooksen Wealth LLC bought a new position in Amazon.com in the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com in the 1st quarter valued at approximately $40,000. Capitol Family Office Inc. bought a new position in Amazon.com in the 1st quarter valued at approximately $42,000. Finally, Maryland Capital Advisors Inc. lifted its stake in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMZN. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Cowen reaffirmed a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Wells Fargo & Company raised shares of Amazon.com from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $245.00 to $280.00 in a research note on Wednesday, September 24th. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research note on Friday, June 27th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Amazon.com in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $266.26.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 13,570 shares of Amazon.com 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 transaction, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com 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 owned 49,000 shares of the company's stock, valued at $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,864,716 shares of company stock valued at $2,486,013,854. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 1.7%

NASDAQ:AMZN opened at $216.39 on Wednesday. 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 stock has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 32.99, a PEG ratio of 1.46 and a beta of 1.28. The firm has a fifty day simple moving average of $226.16 and a two-hundred day simple moving average of $212.19. 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 posted its quarterly 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. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.