Commonwealth Retirement Investments LLC Decreases Holdings in Amazon.com, Inc. $AMZN

Commonwealth Retirement Investments LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 42.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,777 shares of the e-commerce giant’s stock after selling 2,053 shares during the period. Commonwealth Retirement Investments LLC’s holdings in Amazon.com were worth $528,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the 4th quarter valued at $25,000. LSV Asset Management purchased a new stake in Amazon.com during the 4th quarter valued at $35,000. Cooksen Wealth LLC purchased a new stake in Amazon.com during the 1st quarter valued at $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth $40,000. Finally, Capitol Family Office Inc. purchased a new stake in shares of Amazon.com in the 1st quarter worth $42,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 4.3%

AMZN opened at $235.68 on Friday. The firm has a 50-day simple moving average of $225.56 and a two-hundred day simple moving average of $208.09. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a market capitalization 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 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 (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter last year, the firm earned $1.26 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated 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 completion of the transaction, the insider 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Scotiabank upped their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. DA Davidson upped their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Citizens Jmp initiated coverage on Amazon.com in a research note on Thursday, July 10th. They issued a “strong-buy” rating for the company. Piper Sandler upped their price objective on Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Bank of America upped their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target 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.