Amazon.com, Inc. $AMZN Shares Sold by Lazard Freres Gestion S.A.S.

Lazard Freres Gestion S.A.S. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 28.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,354,121 shares of the e-commerce giant’s stock after selling 536,084 shares during the period. Amazon.com accounts for about 6.3% of Lazard Freres Gestion S.A.S.’s investment portfolio, making the stock its 2nd biggest holding. Lazard Freres Gestion S.A.S.’s holdings in Amazon.com were worth $257,635,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new position in Amazon.com in the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc boosted its stake in 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 during the period. Cooksen Wealth LLC acquired a new position in Amazon.com in the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Amazon.com in the first quarter valued at approximately $40,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Truist Financial increased their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. HSBC raised their target price on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Stifel Nicolaus lifted their target price on Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Finally, Benchmark reaffirmed a “buy” rating and set a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus target price of $262.87.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 25,097,911 shares of company stock valued at $5,675,986,299 over the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $229.12 on Thursday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.93, a PEG ratio of 1.53 and a beta of 1.31. The stock’s 50 day moving average price is $223.48 and its 200 day moving average price is $208.13. 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 (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations 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 earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.