Weitz Investment Management Inc. Trims Holdings in Amazon.com, Inc. $AMZN

Key Points

• Weitz Investment Management Inc. has reduced its holdings in Amazon.com by 10.1% in the first quarter, now holding 222,500 shares valued at approximately $42.33 million, making it the firm's 20th largest position.
• Amazon's stock recently traded down 1.4%, at $232.33, with a market cap of $2.48 trillion and a year-over-year revenue increase of 13.3%, reporting a profit of $1.68 earnings per share.
• Research analysts have largely positive outlooks on Amazon, with recent upgrades in price targets, indicating a consensus rating of "Buy" and an average target price of $262.87.

Weitz Investment Management Inc. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,500 shares of the e-commerce giant's stock after selling 25,000 shares during the quarter. Amazon.com makes up approximately 2.2% of Weitz Investment Management Inc.'s holdings, making the stock its 20th biggest position. Weitz Investment Management Inc.'s holdings in Amazon.com were worth $42,333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth approximately $35,000. Cooksen Wealth LLC bought a new position in Amazon.com in the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com in the 1st quarter worth approximately $40,000. Capitol Family Office Inc. bought a new position in Amazon.com in the 1st quarter worth approximately $42,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in Amazon.com in the 1st quarter worth approximately $59,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 1.4%

AMZN traded down $3.35 during trading on Friday, reaching $232.33. The company had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. The stock has a market cap of $2.48 trillion, a P/E ratio of 35.42, a PEG ratio of 1.58 and a beta of 1.30. The business has a 50 day simple moving average of $225.74 and a 200-day simple moving average of $208.13. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly 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. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com's revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was 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 directly owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% 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 the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last 90 days. 9.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMZN shares. Jefferies Financial Group upped their price target on Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. HSBC increased their target price on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. BMO Capital Markets increased their target price on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a research report on Friday, June 27th. Finally, Wall Street Zen upgraded Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. 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.com, Amazon.com presently has a consensus rating of "Buy" and an average target price of $262.87.

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.