Amazon.com, Inc. $AMZN Shares Sold by ShoreHaven Wealth Partners LLC

ShoreHaven Wealth Partners LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,965 shares of the e-commerce giant’s stock after selling 246 shares during the period. ShoreHaven Wealth Partners LLC’s holdings in Amazon.com were worth $564,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research firms recently commented on AMZN. Truist Financial boosted their target price on shares of Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Wells Fargo & Company lifted their price target on shares of Amazon.com from $238.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Moffett Nathanson increased their price objective on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research report on Tuesday, June 24th. Tigress Financial raised their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Finally, Stifel Nicolaus boosted their target price on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $262.87.

Amazon.com Trading Up 3.1%

Shares of NASDAQ AMZN opened at $228.84 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The business has a 50-day moving average price of $222.63 and a two-hundred day moving average price of $208.07. The firm has a market capitalization of $2.44 trillion, a PE ratio of 34.88, a PEG ratio of 1.54 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 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for 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 firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on 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 sale, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 25,012,284 shares of company stock valued at $5,656,976,492 over the last 90 days. Corporate insiders own 9.70% of the company’s stock.

Amazon.com 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.