Amazon.com, Inc. $AMZN is Convergence Investment Partners LLC’s 2nd Largest Position

Convergence Investment Partners LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 24.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,156 shares of the e-commerce giant’s stock after selling 12,601 shares during the quarter. Amazon.com accounts for approximately 2.1% of Convergence Investment Partners LLC’s holdings, making the stock its 2nd biggest holding. Convergence Investment Partners LLC’s holdings in Amazon.com were worth $7,450,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com in the 4th quarter worth $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the 4th quarter worth $27,000. LSV Asset Management acquired a new position in Amazon.com in the 4th quarter worth $35,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the 1st quarter worth $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Amazon.com in the 1st quarter worth $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 25,012,284 shares of company stock valued at $5,656,976,492. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $221.95 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm has a 50-day simple moving average of $222.30 and a 200 day simple moving average of $208.35. The company has a market cap of $2.37 trillion, a PE ratio of 33.83, a P/E/G ratio of 1.51 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The company’s revenue for the quarter 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 anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMZN. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Cantor Fitzgerald upped their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Robert W. Baird upped their target price on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, Evercore ISI restated an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average price target 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.