Condor Capital Management Has $13.77 Million Position in Amazon.com, Inc. $AMZN

Condor Capital Management reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,353 shares of the e-commerce giant’s stock after selling 1,704 shares during the period. Amazon.com comprises about 1.3% of Condor Capital Management’s investment portfolio, making the stock its 20th largest holding. Condor Capital Management’s holdings in Amazon.com were worth $13,766,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the 4th quarter valued at $25,000. Cooksen Wealth LLC acquired a new position in Amazon.com during the first quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com during the first quarter valued at approximately $40,000. Capitol Family Office Inc. acquired a new position in Amazon.com during the first quarter valued at approximately $42,000. Finally, Harbor Investment Advisory LLC boosted its position in Amazon.com by 0.7% during the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 2,145 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMZN. Citigroup reissued an “overweight” rating on shares of Amazon.com in a research report on Wednesday, August 13th. Pivotal Research increased their price target on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 1st. HSBC increased their price target on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $265.00 price target on shares of Amazon.com in a research report on Wednesday, August 13th. Finally, Morgan Stanley reissued an “overweight” rating and set a $300.00 price target on shares of Amazon.com in a research report on Thursday, August 14th. 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 company. Based on data from MarketBeat, the stock presently has an average 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 Monday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The firm has a market cap of $2.48 trillion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The firm’s 50-day simple moving average is $225.74 and its 200 day simple moving average is $207.90. 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 released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling 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 stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $26,548,039.20. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. The trade was a 0.90% 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 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com 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.