Worth Asset Management LLC Sells 2,815 Shares of Amazon.com, Inc. $AMZN

Worth Asset Management LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 45.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,333 shares of the e-commerce giant's stock after selling 2,815 shares during the period. Worth Asset Management LLC's holdings in Amazon.com were worth $731,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the 4th quarter worth about $25,000. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 1st quarter worth about $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the 1st quarter worth about $40,000. Capitol Family Office Inc. acquired a new stake in Amazon.com in the 1st quarter worth about $42,000. Finally, Harbor Investment Advisory LLC raised its stake in Amazon.com by 0.7% in the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after purchasing an additional 2,145 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 0.9%

AMZN opened at $218.15 on Friday. The company's 50 day moving average price is $227.57 and its two-hundred day moving average price is $210.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm has a market capitalization of $2.33 trillion, a price-to-earnings ratio of 33.25, a PEG ratio of 1.47 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the prior year, the firm posted $1.26 EPS. The company's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,715 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $26,548,039.20. This represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares in the company, 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. In the last 90 days, insiders sold 21,997,911 shares of company stock worth $4,989,630,574. Corporate insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMZN. Wedbush restated an "outperform" rating and issued a $250.00 target price on shares of Amazon.com in a research report on Friday, September 19th. Pivotal Research boosted their target price on shares of Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Scotiabank boosted their target price on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 22nd. Zacks Research cut shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, DA Davidson boosted their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $264.04.

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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.