Levin Capital Strategies L.P. Reduces Holdings in Amazon.com, Inc. $AMZN

Levin Capital Strategies L.P. decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 121,539 shares of the e-commerce giant’s stock after selling 3,070 shares during the quarter. Amazon.com accounts for about 2.4% of Levin Capital Strategies L.P.’s investment portfolio, making the stock its 9th biggest position. Levin Capital Strategies L.P.’s holdings in Amazon.com were worth $23,124,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds 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 valued at about $25,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the first quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com in the first quarter valued at about $40,000. Capitol Family Office Inc. bought a new stake in Amazon.com in the first quarter valued at about $42,000. Finally, Harbor Investment Advisory LLC increased its stake in Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 2,145 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.4%

Shares of NASDAQ:AMZN opened at $232.33 on Friday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week 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. The company has a market capitalization of $2.48 trillion, a PE ratio of 35.42, a PEG ratio of 1.58 and a beta of 1.30. The company has a 50 day moving average price of $225.74 and a two-hundred day moving average price of $208.13.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The business’s quarterly revenue was up 13.3% on a year-over-year basis. 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 year.

Insider Transactions at Amazon.com

In other Amazon.com 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 value of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares of the company’s stock, 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 the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total transaction of $558,725.00. Following the completion of the sale, the chief executive officer directly owned 518,007 shares of the company’s stock, valued at $115,769,384.43. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. Corporate insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Citigroup reaffirmed an “overweight” rating on shares of Amazon.com in a research note on Wednesday, August 13th. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. BMO Capital Markets upped their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Finally, Barclays upped their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two 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’s stock. Based on data from MarketBeat.com, the stock currently 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.