Wealthspire Advisors LLC Sells 9,753 Shares of Amazon.com, Inc. $AMZN

Wealthspire Advisors LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 177,082 shares of the e-commerce giant’s stock after selling 9,753 shares during the period. Wealthspire Advisors LLC’s holdings in Amazon.com were worth $33,692,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. GAMMA Investing LLC grew its holdings in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Capital World Investors boosted its holdings in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after acquiring an additional 17,681,004 shares during the period. Capital International Investors boosted its holdings in shares of Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock worth $12,564,961,000 after acquiring an additional 12,000,745 shares during the period. Northern Trust Corp boosted its holdings in shares of Amazon.com by 14.0% during the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant’s stock worth $21,297,564,000 after acquiring an additional 11,926,749 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Amazon.com during the fourth quarter worth approximately $2,037,963,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AMZN shares. Monness Crespi & Hardt boosted their price objective on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Citigroup restated an “overweight” rating on shares of Amazon.com in a report on Wednesday, August 13th. The Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Canaccord Genuity Group reiterated a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Finally, Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Tuesday, July 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, the stock currently has a consensus rating of “Buy” and an average price target of $262.87.

Amazon.com Stock Down 1.4%

Shares of AMZN opened at $232.33 on Friday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a market cap of $2.48 trillion, a P/E ratio of 35.42, a P/E/G ratio of 1.58 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. The firm has a 50 day simple moving average of $225.74 and a two-hundred day simple moving average of $208.13.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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 business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the business earned $1.26 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. 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.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com 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 sale, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,097,911 shares of company stock worth $5,676,032,574 in the last ninety days. Insiders own 9.70% of the company’s stock.

Amazon.com Company Profile

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.