Princeton Capital Management LLC Sells 489 Shares of Amazon.com, Inc. $AMZN

Princeton Capital Management LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,596 shares of the e-commerce giant’s stock after selling 489 shares during the quarter. Amazon.com accounts for about 8.0% of Princeton Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Princeton Capital Management LLC’s holdings in Amazon.com were worth $22,754,000 as of its most recent SEC filing.

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

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,784 shares of the company’s stock in a transaction on Friday, August 15th. The shares were 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 approximately $118,542,441.60. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the transaction, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,012,284 shares of company stock valued at $5,656,976,492 over the last three months. Insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. Susquehanna upped their target price on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a report on Friday, August 1st. Wedbush upped their price objective on shares of Amazon.com from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. JMP Securities restated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Friday, August 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 price objective on shares of Amazon.com in a research note 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 two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $262.87.

Amazon.com Stock Up 3.1%

Shares of Amazon.com stock opened at $228.84 on Friday. The firm has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 1.54 and a beta of 1.31. 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 52-week low of $161.38 and a 52-week high of $242.52. The stock has a 50-day simple moving average of $222.63 and a 200-day simple moving average of $208.07.

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, 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 return on equity of 23.84% and a net margin of 10.54%.The firm’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share 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.