Choreo LLC Has $66.52 Million Holdings in Amazon.com, Inc. $AMZN

Choreo LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 349,537 shares of the e-commerce giant’s stock after selling 20,654 shares during the period. Amazon.com makes up approximately 1.0% of Choreo LLC’s investment portfolio, making the stock its 19th largest position. Choreo LLC’s holdings in Amazon.com were worth $66,517,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the 4th quarter valued at $27,000. LSV Asset Management bought a new stake in Amazon.com in the 4th quarter valued at $35,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the 1st quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com in the 1st quarter valued at $40,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on AMZN. Wall Street Zen upgraded Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Benchmark reiterated a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $300.00 price target on shares of Amazon.com in a research note on Thursday, August 14th. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, August 13th. Finally, Robert W. Baird boosted their price target on Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $262.87.

Amazon.com Stock Down 1.5%

Shares of NASDAQ:AMZN opened at $228.01 on Wednesday. The company has a fifty day moving average of $221.91 and a 200-day moving average of $208.35. The company has a market capitalization of $2.43 trillion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced 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 company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 25,025,854 shares of company stock worth $5,659,723,195 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

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.