Channel Wealth LLC Cuts Stake in Amazon.com, Inc. $AMZN

Channel Wealth LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,326 shares of the e-commerce giant’s stock after selling 94 shares during the quarter. Channel Wealth LLC’s holdings in Amazon.com were worth $3,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Friday, August 22nd. The stock was 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 of the company’s stock, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the sale, the vice president directly owned 119,780 shares in the company, valued at $26,548,039.20. This trade represents a 2.22% 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 valued at $5,676,032,574 over the last three months. 10.80% of the stock is owned by insiders.

Amazon.com Trading Down 3.0%

NASDAQ AMZN opened at $220.71 on Wednesday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a market cap of $2.35 trillion, a P/E ratio of 33.64, a P/E/G ratio of 1.52 and a beta of 1.30. The stock’s fifty day moving average price is $227.74 and its 200-day moving average price is $209.76. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last released 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 return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same period last year, the firm posted $1.26 earnings per share. Amazon.com’s revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMZN. Wedbush reiterated an “outperform” rating and issued a $250.00 price objective on shares of Amazon.com in a research report on Friday, September 19th. BMO Capital Markets boosted their price objective on Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Susquehanna boosted their price objective on Amazon.com from $225.00 to $260.00 and gave the company a “positive” 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 analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $263.30.

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.