Nicholas Wealth LLC. Sells 2,837 Shares of Amazon.com, Inc. $AMZN

Nicholas Wealth LLC. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 17.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 13,060 shares of the e-commerce giant’s stock after selling 2,837 shares during the period. Amazon.com accounts for approximately 1.4% of Nicholas Wealth LLC.’s portfolio, making the stock its 11th largest position. Nicholas Wealth LLC.’s holdings in Amazon.com were worth $2,485,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the 4th quarter valued at about $35,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the first quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com in the first quarter worth approximately $40,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. Evercore ISI restated an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a report on Wednesday, August 13th. UBS Group reissued a “buy” rating and set a $271.00 target price (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. BMO Capital Markets upped their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Westpark Capital restated a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Finally, Monness Crespi & Hardt boosted their target price on Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Two 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $262.87.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,784 shares of Amazon.com stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the transaction, the chief executive officer owned 510,255 shares of the company’s stock, valued at $118,542,441.60. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This 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 25,012,284 shares of company stock valued at $5,656,976,492 over the last ninety days. 9.70% of the stock is currently owned by insiders.

Amazon.com Trading Up 3.1%

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. The business has a fifty day simple moving average of $222.63 and a 200 day simple moving average of $208.07. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm has a market capitalization of $2.44 trillion, a P/E ratio of 34.88, a PEG ratio of 1.54 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping 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 business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.