Prudent Investors Network Inc. Has $8.82 Million Holdings in Amazon.com, Inc. $AMZN

Prudent Investors Network Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 14.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,376 shares of the e-commerce giant’s stock after selling 7,958 shares during the period. Amazon.com makes up approximately 2.5% of Prudent Investors Network Inc.’s investment portfolio, making the stock its 15th largest position. Prudent Investors Network Inc.’s holdings in Amazon.com were worth $8,823,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com in the fourth quarter valued at about $35,000. Perritt Capital Management Inc grew its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Amazon.com in the first quarter valued at about $40,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. HSBC raised their target price on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Piper Sandler raised their target price on shares of Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. BMO Capital Markets raised their target price 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. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Moffett Nathanson raised their target price on shares of Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a report on Tuesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $262.87.

Amazon.com Trading Up 3.1%

AMZN opened at $228.84 on Monday. The company’s 50 day moving average is $222.63 and its 200-day moving average is $207.85. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. 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 company has a market cap 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 results 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 company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the company posted $1.26 EPS. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 4,784 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the completion of the transaction, the chief executive officer owned 510,255 shares in the company, valued at $118,542,441.60. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,012,284 shares of company stock worth $5,656,976,492. 10.80% of the stock is owned by corporate insiders.

About Amazon.com

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.