Arrow Financial Corp Cuts Stake in Amazon.com, Inc. $AMZN

Arrow Financial Corp reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 39.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,421 shares of the e-commerce giant’s stock after selling 25,833 shares during the period. Amazon.com makes up 0.8% of Arrow Financial Corp’s portfolio, making the stock its 26th biggest position. Arrow Financial Corp’s holdings in Amazon.com were worth $7,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Crestwood Advisors Group LLC grew its stake in shares of Amazon.com by 0.5% in the first quarter. Crestwood Advisors Group LLC now owns 946,875 shares of the e-commerce giant’s stock worth $180,152,000 after acquiring an additional 4,537 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of Amazon.com by 1.1% during the first quarter. Hazlett Burt & Watson Inc. now owns 30,529 shares of the e-commerce giant’s stock valued at $5,807,000 after purchasing an additional 339 shares in the last quarter. Kingsman Wealth Management Inc. bought a new position in shares of Amazon.com during the first quarter valued at $12,199,000. Lewis Asset Management LLC lifted its holdings in shares of Amazon.com by 2.9% during the first quarter. Lewis Asset Management LLC now owns 25,938 shares of the e-commerce giant’s stock valued at $4,935,000 after purchasing an additional 729 shares in the last quarter. Finally, Horizon Investment Services LLC lifted its holdings in shares of Amazon.com by 9.2% during the first quarter. Horizon Investment Services LLC now owns 26,268 shares of the e-commerce giant’s stock valued at $4,998,000 after purchasing an additional 2,222 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN opened at $228.01 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $221.91 and a two-hundred day simple moving average of $208.35. The stock has a market cap of $2.43 trillion, a price-to-earnings ratio of 34.76, a PEG ratio of 1.56 and a beta of 1.31. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) 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. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter in the prior year, the business posted $1.26 earnings per share. The business’s quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 4,784 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the completion of the sale, the chief executive officer owned 510,255 shares in the company, valued at approximately $118,542,441.60. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,025,854 shares of company stock valued at $5,659,723,195 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research analyst reports. BNP Paribas Exane raised Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target on the stock in a report on Friday, June 27th. Wells Fargo & Company upped their price target on Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Cowen reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Royal Bank Of Canada upped their price target on Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, Citigroup reaffirmed an “overweight” rating on shares of Amazon.com in a report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $262.87.

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.