Westwood Holdings Group Inc. Sells 12,033 Shares of Amazon.com, Inc. $AMZN

Key Points

• Westwood Holdings Group Inc. reduced its stake in Amazon.com by 5% by selling 12,033 shares, leaving them with 229,037 shares valued at approximately $43.6 million.
• Amazon's insider, Jeffrey P. Bezos, sold over 4.27 million shares at around $224.81 each, resulting in a transaction of nearly $960.7 million, which slightly decreased his ownership position.
• Analyst upgrades for Amazon include a price target increase by Bank of America from $265 to $272, with a consensus rating of "Buy" and a price target of $262.87 across analysts.

Westwood Holdings Group Inc. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 229,037 shares of the e-commerce giant's stock after selling 12,033 shares during the quarter. Westwood Holdings Group Inc.'s holdings in Amazon.com were worth $43,577,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Renasant Bank raised its stake in Amazon.com by 7.9% in the first quarter. Renasant Bank now owns 8,979 shares of the e-commerce giant's stock valued at $1,708,000 after purchasing an additional 660 shares in the last quarter. Wallington Asset Management LLC grew its position in shares of Amazon.com by 0.6% during the 1st quarter. Wallington Asset Management LLC now owns 93,201 shares of the e-commerce giant's stock worth $17,732,000 after buying an additional 570 shares during the period. Investment Counsel Co. of Nevada lifted its stake in Amazon.com by 196.9% during the 1st quarter. Investment Counsel Co. of Nevada now owns 1,508 shares of the e-commerce giant's stock valued at $287,000 after acquiring an additional 1,000 shares in the last quarter. Comprehensive Financial Planning Inc. PA boosted its holdings in shares of Amazon.com by 4.4% in the first quarter. Comprehensive Financial Planning Inc. PA now owns 12,982 shares of the e-commerce giant's stock worth $2,470,000 after acquiring an additional 544 shares during the period. Finally, Leisure Capital Management increased its position in shares of Amazon.com by 48.3% during the first quarter. Leisure Capital Management now owns 8,469 shares of the e-commerce giant's stock valued at $1,611,000 after buying an additional 2,760 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of a number of recent research reports. Moffett Nathanson increased their price target on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. DA Davidson increased their price target on shares of Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Westpark Capital reiterated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Wells Fargo & Company increased their price objective on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Finally, BMO Capital Markets increased their price objective on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Two 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 stock. According to data from MarketBeat, Amazon.com presently has an average rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Down 1.4%

Shares of AMZN traded down $3.35 during mid-day 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 company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a 50-day moving average price of $225.74 and a 200 day moving average price 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 market capitalization of $2.48 trillion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 firm had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's 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 approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is currently owned by insiders.

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.