WESPAC Advisors SoCal LLC Sells 23,520 Shares of Amazon.com, Inc. $AMZN

WESPAC Advisors SoCal LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 30.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,693 shares of the e-commerce giant's stock after selling 23,520 shares during the quarter. Amazon.com makes up 2.6% of WESPAC Advisors SoCal LLC's portfolio, making the stock its 12th biggest position. WESPAC Advisors SoCal LLC's holdings in Amazon.com were worth $10,025,000 as of its most recent SEC filing.

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

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 25,012,284 shares of company stock valued at $5,656,976,492. 9.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. Bank of America increased their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Piper Sandler increased their price objective on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Monness Crespi & Hardt increased their price objective on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Finally, Truist Financial increased their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com Price Performance

AMZN opened at $221.95 on Friday. The stock has a 50-day moving average price of $222.30 and a 200-day moving average price of $208.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm has a market cap of $2.37 trillion, a PE ratio of 33.83, a P/E/G ratio of 1.51 and a beta of 1.31. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.

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