Amazon.com, Inc. $AMZN Shares Sold by Solitude Financial Services

Solitude Financial Services reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 31.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,370 shares of the e-commerce giant’s stock after selling 632 shares during the period. Solitude Financial Services’ holdings in Amazon.com were worth $261,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMZN. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com during the fourth quarter worth about $25,000. LSV Asset Management bought a new position in Amazon.com in the fourth quarter worth about $35,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $40,000. Finally, Capitol Family Office Inc. acquired a new position in shares of Amazon.com during the first quarter valued at approximately $42,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction 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. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 25,095,411 shares of company stock worth $5,675,473,849 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Citigroup restated an “overweight” rating on shares of Amazon.com in a report on Wednesday, August 13th. Truist Financial lifted their target price on shares of Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Zacks Research lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Moffett Nathanson lifted their target price on shares of Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research report on Tuesday, June 24th. 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. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average price target of $262.87.

Amazon.com Stock Performance

Shares of AMZN opened at $225.99 on Thursday. 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 firm has a fifty day simple moving average of $225.19 and a 200 day simple moving average of $208.04. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 34.45, a PEG ratio of 1.54 and a beta of 1.30.

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, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the prior year, the firm posted $1.26 earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts forecast 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.