Atalanta Sosnoff Capital LLC Has $225.39 Million Stock Position in Amazon.com, Inc. $AMZN

Atalanta Sosnoff Capital LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,184,636 shares of the e-commerce giant’s stock after selling 106,023 shares during the period. Amazon.com comprises approximately 5.4% of Atalanta Sosnoff Capital LLC’s holdings, making the stock its 4th largest position. Atalanta Sosnoff Capital LLC’s holdings in Amazon.com were worth $225,389,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AMZN. Nuveen LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at $11,674,091,000. GAMMA Investing LLC boosted its holdings in Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after buying an additional 30,104,520 shares during the period. Northern Trust Corp boosted its holdings in Amazon.com by 14.0% in the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant’s stock worth $21,297,564,000 after buying an additional 11,926,749 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after buying an additional 10,176,835 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Amazon.com in the 4th quarter worth $2,037,963,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.8%

Shares of NASDAQ AMZN opened at $228.15 on Friday. The firm’s 50-day moving average price is $226.87 and its 200-day moving average price is $208.62. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 34.78, a P/E/G ratio of 1.54 and a beta of 1.30. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (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 for the quarter, compared to analysts’ expectations of $161.80 billion. During the same period in the prior year, the company earned $1.26 EPS. The business’s revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AMZN shares. Stifel Nicolaus upped their target price on shares of Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Susquehanna increased their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a report on Friday, August 1st. Canaccord Genuity Group reissued a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. DA Davidson increased their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. increased their price objective 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. 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. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $262.87.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s 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 transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is owned by corporate insiders.

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.