Amazon.com, Inc. $AMZN Shares Sold by W.H. Cornerstone Investments Inc.

Key Points

• W.H. Cornerstone Investments Inc. sold 5,499 shares of Amazon, decreasing its holdings by 19.1%, leaving it with 23,353 shares valued at approximately $4.44 million.
• Amazon's recent earnings report showed an EPS of $1.68, exceeding expectations by $0.37, with significant revenue growth of 13.3% year-over-year.
• Insider Jeffrey P. Bezos sold over 4 million shares for nearly $961 million, reducing his ownership stake by 0.47%.

W.H. Cornerstone Investments Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,353 shares of the e-commerce giant's stock after selling 5,499 shares during the period. Amazon.com makes up approximately 3.1% of W.H. Cornerstone Investments Inc.'s investment portfolio, making the stock its 9th biggest holding. W.H. Cornerstone Investments Inc.'s holdings in Amazon.com were worth $4,443,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the fourth quarter worth about $25,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter worth about $35,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the first quarter worth about $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter worth about $40,000. Finally, Capitol Family Office Inc. bought a new position in shares of Amazon.com in the first quarter worth about $42,000. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMZN. Citigroup reaffirmed an "overweight" rating on shares of Amazon.com in a research note on Wednesday, August 13th. Bank of America lifted their price target on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday, August 1st. DA Davidson lifted their price target on shares of Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Citizens Jmp began coverage on shares of Amazon.com in a research note on Thursday, July 10th. They set a "strong-buy" rating for the company. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $300.00 price target on shares of Amazon.com in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $262.87.

Insider Activity

In other news, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction on 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 sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. The trade was 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, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction on 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 sale, 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 disclosure for this sale can be found here. 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 owned by corporate insiders.

Amazon.com Stock Down 1.4%

AMZN stock traded down $3.35 during trading on Friday, hitting $232.33. 36,684,807 shares of the company's stock traded hands, compared to its average volume of 32,905,296. The firm has a market capitalization of $2.48 trillion, a P/E ratio of 35.42, a PEG ratio of 1.56 and a beta of 1.30. The business has a fifty day simple moving average of $225.74 and a two-hundred day simple moving average of $208.00. 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, 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 released 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 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 business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.