Cary Street Partners Financial LLC Has $38.63 Million Stake in Amazon.com, Inc. $AMZN

Cary Street Partners Financial LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 203,059 shares of the e-commerce giant’s stock after selling 4,708 shares during the period. Amazon.com accounts for approximately 1.2% of Cary Street Partners Financial LLC’s holdings, making the stock its 9th biggest position. Cary Street Partners Financial LLC’s holdings in Amazon.com were worth $38,634,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LSV Asset Management bought a new position in shares of Amazon.com during the 4th quarter valued at about $35,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the 1st quarter valued at about $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the 1st quarter valued at about $40,000. Capitol Family Office Inc. bought a new position in shares of Amazon.com in the 1st quarter valued at about $42,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Amazon.com in the 1st quarter valued at about $59,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AMZN. Deutsche Bank Aktiengesellschaft increased their price target on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Wedbush increased their price target on shares of Amazon.com from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, August 1st. BMO Capital Markets increased their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, Barclays increased their price target on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $262.87.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $235.68 on Friday. The firm has a market cap of $2.51 trillion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 1.52 and a beta of 1.30. The firm’s 50 day simple moving average is $225.56 and its 200-day simple moving average is $208.09. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The business 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%. The company’s quarterly 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. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on 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 $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 25,097,911 shares of company stock worth $5,676,032,574 over the last 90 days. Company insiders own 9.70% of the company’s stock.

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.