Old Port Advisors Sells 671 Shares of Amazon.com, Inc. $AMZN

Old Port Advisors decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,274 shares of the e-commerce giant’s stock after selling 671 shares during the quarter. Old Port Advisors’ holdings in Amazon.com were worth $1,384,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Western Wealth Management LLC raised its holdings in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. bought a new position in Amazon.com in the fourth quarter worth $749,000. Barnes Dennig Private Wealth Management LLC bought a new position in Amazon.com in the first quarter worth $514,000. Segall Bryant & Hamill LLC raised its holdings in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Finally, Bearing Point Capital LLC bought a new position in Amazon.com in the fourth quarter worth $12,014,000. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 25,012,284 shares of company stock valued at $5,656,976,492 over the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 1.8%

Amazon.com stock opened at $223.81 on Thursday. 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 one year low of $161.38 and a one year high of $242.52. The stock has a market capitalization of $2.39 trillion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. The business’s fifty day moving average is $222.12 and its 200 day moving average is $208.46.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same period last year, the firm posted $1.26 earnings per share. Amazon.com’s revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on AMZN. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Rosenblatt Securities raised their price target on Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a report on Friday, August 1st. Citizens Jmp began coverage on Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating for the company. Cantor Fitzgerald raised their price target on Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Susquehanna raised their price target on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average target price of $262.87.

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.