Davis Investment Partners LLC Cuts Stock Holdings in Amazon.com, Inc. $AMZN

Davis Investment Partners LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,124 shares of the e-commerce giant’s stock after selling 293 shares during the quarter. Amazon.com accounts for approximately 0.6% of Davis Investment Partners LLC’s portfolio, making the stock its 28th largest position. Davis Investment Partners LLC’s holdings in Amazon.com were worth $1,571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cooksen Wealth LLC purchased a new stake in Amazon.com in the first quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the first quarter worth approximately $40,000. Capitol Family Office Inc. purchased a new stake in Amazon.com in the first quarter worth approximately $42,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Amazon.com in the first quarter worth approximately $59,000. Finally, von Borstel & Associates Inc. purchased a new stake in Amazon.com in the first quarter worth approximately $66,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Moffett Nathanson upped their target price on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, September 11th. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Royal Bank Of Canada boosted their price objective on Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Citigroup reiterated an “overweight” rating on shares of Amazon.com in a research report on Wednesday, August 13th. 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 company has an average rating of “Buy” and a consensus price target of $263.30.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last 90 days. Company insiders own 9.70% of the company’s stock.

Amazon.com Trading Up 0.1%

Shares of NASDAQ:AMZN opened at $231.48 on Friday. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.54 and a beta of 1.30. 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 stock’s 50-day simple moving average is $227.81 and its two-hundred day simple moving average is $209.42. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week 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, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for 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 business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.