J. Safra Sarasin Holding AG Sells 57,485 Shares of Amazon.com, Inc. $AMZN

J. Safra Sarasin Holding AG trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 829,297 shares of the e-commerce giant’s stock after selling 57,485 shares during the period. Amazon.com comprises about 2.9% of J. Safra Sarasin Holding AG’s investment portfolio, making the stock its 3rd biggest position. J. Safra Sarasin Holding AG’s holdings in Amazon.com were worth $157,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the 4th quarter worth $25,000. LSV Asset Management acquired a new position in Amazon.com in the 4th quarter valued at approximately $35,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the 1st quarter valued at approximately $40,000. Finally, Capitol Family Office Inc. acquired a new position in Amazon.com in the 1st quarter valued at approximately $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 6,835 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the transaction, the chief executive officer owned 520,507 shares in the company, valued at $115,354,761.34. The trade was a 1.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,095,411 shares of company stock worth $5,675,473,849. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays upped 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. Scotiabank lifted their target price on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 22nd. Jefferies Financial Group lifted their target price on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. BNP Paribas Exane upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price on the stock in a research report on Friday, June 27th. Finally, Susquehanna lifted their target price on shares of Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research report 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. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $262.87.

Amazon.com Trading Down 1.6%

AMZN stock opened at $225.34 on Wednesday. The business has a fifty day moving average price of $224.91 and a 200 day moving average price of $207.92. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 1.54 and a beta of 1.30. 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 released 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 return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same period last year, the firm posted $1.26 EPS. The business’s revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.