BlueSky Wealth Advisors LLC Decreases Holdings in Amazon.com, Inc. $AMZN

BlueSky Wealth Advisors LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,320 shares of the e-commerce giant’s stock after selling 300 shares during the quarter. Amazon.com accounts for approximately 0.8% of BlueSky Wealth Advisors LLC’s holdings, making the stock its 25th biggest holding. BlueSky Wealth Advisors LLC’s holdings in Amazon.com were worth $5,555,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com in the 4th quarter worth about $25,000. Carderock Capital Management Inc. purchased a new stake in Amazon.com in the 2nd quarter worth about $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 1st quarter worth about $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter worth about $40,000. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com in the 1st quarter worth about $42,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMZN. The Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Citigroup reissued an “overweight” rating on shares of Amazon.com in a research report on Wednesday, August 13th. Royal Bank Of Canada upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Cowen restated a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. Finally, Rosenblatt Securities upped their target price on shares of Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $265.09.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 21,770,485 shares of company stock valued at $4,938,795,968 over the last three months. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $219.57 on Wednesday. The company has a market cap of $2.34 trillion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 1.48 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $227.14 and a two-hundred day moving average of $210.58.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.