Equitable Trust Co. Has $25.94 Million Holdings in Amazon.com, Inc. $AMZN

Equitable Trust Co. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,316 shares of the e-commerce giant’s stock after selling 3,330 shares during the quarter. Amazon.com makes up approximately 1.4% of Equitable Trust Co.’s holdings, making the stock its 11th largest holding. Equitable Trust Co.’s holdings in Amazon.com were worth $25,935,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC lifted its holdings in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after buying an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after buying an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE lifted its holdings in Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after buying an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new position in Amazon.com during the 4th quarter worth $2,153,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on AMZN shares. Cantor Fitzgerald upped their price objective on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Citigroup reissued an “overweight” rating on shares of Amazon.com in a research note on Wednesday, August 13th. HSBC increased their price target on Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Citizens Jmp initiated coverage on Amazon.com in a research note on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $265.00 price target 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. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $262.87.

Amazon.com Price Performance

AMZN opened at $228.84 on Monday. 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 12 month low of $161.38 and a 12 month high of $242.52. The company has a fifty day simple moving average of $222.63 and a 200 day simple moving average of $207.85. The stock has a market cap of $2.44 trillion, a P/E ratio of 34.88, a P/E/G ratio of 1.54 and a beta of 1.31.

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 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 analysts’ expectations of $161.80 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction dated 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 completion of the transaction, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,784 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $232.32, for a total value of $1,111,418.88. Following the transaction, the chief executive officer owned 510,255 shares of the company’s stock, valued at approximately $118,542,441.60. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,012,284 shares of company stock valued at $5,656,976,492. 10.80% of the stock is owned by corporate insiders.

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.