Amazon.com, Inc. $AMZN Stock Position Decreased by Viawealth LLC

Key Points

• Viawealth LLC has reduced its stake in Amazon.com, Inc. by 8.7%, now holding 15,427 shares, worth approximately $2.9 million.
• Insider selling has been significant, with CFO Brian T. Olsavsky and other executives selling shares totaling over $5.6 billion in the last ninety days.
• A recent earnings report showed Amazon.com exceeded expectations with $1.68 EPS for the quarter, surpassing the consensus estimate of $1.31, and reporting revenue of $167.7 billion.

Viawealth LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,427 shares of the e-commerce giant's stock after selling 1,475 shares during the quarter. Amazon.com comprises approximately 1.8% of Viawealth LLC's holdings, making the stock its 12th biggest holding. Viawealth LLC's holdings in Amazon.com were worth $2,935,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at $27,000. LSV Asset Management acquired a new position in shares of Amazon.com in the 4th quarter valued at $35,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at $36,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Down 1.1%

Shares of Amazon.com stock traded down $2.60 during trading on Monday, reaching $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 cap of $2.44 trillion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. The firm's fifty day moving average is $224.66 and its 200-day moving average is $207.80. 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, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

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, beating analysts' consensus estimates of $1.31 by $0.37. The business 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%. The company's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 6,835 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.62, for a total value of $1,514,772.70. Following the sale, the chief executive officer owned 520,507 shares in the company, valued at approximately $115,354,761.34. This represents a 1.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction 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 trade represents a 0.90% decrease in their position. 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. Company insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMZN. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Truist Financial raised their target price on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Canaccord Genuity Group reissued a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Westpark Capital reissued a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Finally, Tigress Financial raised their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $262.87.

About Amazon.com

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.