Facet Wealth Inc. Sells 2,254 Shares of Amazon.com, Inc. $AMZN

Facet Wealth Inc. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,771 shares of the e-commerce giant’s stock after selling 2,254 shares during the period. Facet Wealth Inc.’s holdings in Amazon.com were worth $6,852,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management bought a new stake in Amazon.com in the fourth quarter worth about $35,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the first quarter worth about $36,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the first quarter worth approximately $40,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $229.12 on Thursday. The firm 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 company’s 50 day moving average is $223.48 and its 200 day moving average is $208.13. 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 52-week low of $161.38 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 25,097,911 shares of company stock valued at $5,675,986,299 over the last 90 days. 9.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMZN. DA Davidson raised their target price on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Royal Bank Of Canada raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Benchmark reaffirmed a “buy” rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Evercore ISI reaffirmed an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a research report on Wednesday, August 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $300.00 target price on shares of Amazon.com in a research report on Thursday, August 14th. Two investment 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $262.87.

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.