Amazon.com, Inc. $AMZN Shares Sold by Sunpointe LLC

Sunpointe LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 10.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,792 shares of the e-commerce giant’s stock after selling 2,407 shares during the period. Amazon.com makes up 2.0% of Sunpointe LLC’s holdings, making the stock its 12th largest position. Sunpointe LLC’s holdings in Amazon.com were worth $3,766,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management acquired a new stake in Amazon.com in the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its position 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 purchased a new position in shares of Amazon.com in the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the first quarter valued at approximately $40,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $229.12 on Thursday. The business’s 50 day simple moving average is $223.48 and its 200-day simple moving average is $208.13. The firm has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 1.53 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 12 month low of $161.38 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on AMZN. Barclays increased their price target on Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wedbush raised their target price on Amazon.com from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Roth Capital set a $250.00 price target on Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Finally, Wells Fargo & Company lifted their price target on Amazon.com from $238.00 to $245.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $262.87.

Insider Transactions at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. The trade was a 26.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock worth $5,675,986,299 in the last quarter. Insiders own 9.70% of the company’s stock.

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.