OneAscent Wealth Management LLC Sells 837 Shares of Amazon.com, Inc. $AMZN

OneAscent Wealth Management LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,056 shares of the e-commerce giant’s stock after selling 837 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Amazon.com were worth $772,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Western Wealth Management LLC grew its holdings in shares of Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after buying an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. acquired a new position in Amazon.com during the fourth quarter valued at approximately $749,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Amazon.com during the first quarter valued at approximately $514,000. Segall Bryant & Hamill LLC boosted its position in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Finally, Bearing Point Capital LLC acquired a new position in Amazon.com during the fourth quarter valued at approximately $12,014,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMZN. Piper Sandler increased their price target on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Telsey Advisory Group reissued an “outperform” rating and set a $265.00 price target on shares of Amazon.com in a research report on Wednesday, August 13th. Monness Crespi & Hardt increased their price target on Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Rosenblatt Securities increased their price target on Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus target price of $262.87.

Amazon.com Stock Performance

AMZN opened at $228.01 on Wednesday. The business has a fifty day simple moving average of $221.91 and a 200 day simple 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. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. 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 (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. The business 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 firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,784 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $232.32, for a total value of $1,111,418.88. Following the completion of the sale, the chief executive officer directly owned 510,255 shares in the company, valued at $118,542,441.60. The trade was a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,025,854 shares of company stock valued at $5,659,723,195 over the last 90 days. 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.