Flynn Zito Capital Management LLC Sells 575 Shares of Amazon.com, Inc. $AMZN

Flynn Zito Capital Management LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,651 shares of the e-commerce giant’s stock after selling 575 shares during the quarter. Amazon.com comprises approximately 1.4% of Flynn Zito Capital Management LLC’s holdings, making the stock its 17th biggest position. Flynn Zito Capital Management LLC’s holdings in Amazon.com were worth $2,978,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the fourth quarter worth $27,000. LSV Asset Management bought a new position in Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc boosted its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the period. Cooksen Wealth LLC bought a new position in Amazon.com during the first quarter worth $36,000. Finally, Inlight Wealth Management LLC bought a new position in Amazon.com during the first quarter worth $40,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 1.5%

Shares of NASDAQ AMZN opened at $228.01 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company 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 12 month low of $161.38 and a 12 month high of $242.52. The stock has a 50-day moving average price of $221.91 and a two-hundred day moving average price of $208.35.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Piper Sandler lifted their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Scotiabank lifted their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Morgan Stanley reissued an “overweight” rating and set a $300.00 target price on shares of Amazon.com in a report on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Two equities research 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 data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $262.87.

Insider Buying and Selling

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 transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 25,025,854 shares of company stock worth $5,659,723,195 over the last three months. 10.80% of the stock is currently owned by insiders.

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.