Gries Financial LLC Trims Stock Position in Amazon.com, Inc. $AMZN

Gries Financial LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,540 shares of the e-commerce giant’s stock after selling 788 shares during the period. Amazon.com accounts for approximately 1.0% of Gries Financial LLC’s portfolio, making the stock its 15th largest holding. Gries Financial LLC’s holdings in Amazon.com were worth $5,384,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Carderock Capital Management Inc. acquired a new position in Amazon.com during the second quarter worth approximately $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com during the first quarter worth approximately $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com during the first quarter worth approximately $40,000. Finally, Capitol Family Office Inc. acquired a new position in Amazon.com during the first quarter worth approximately $42,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.5%

Amazon.com stock opened at $220.63 on Thursday. The firm’s 50-day moving average is $226.99 and its 200-day moving average is $210.65. 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, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a market cap of $2.35 trillion, a P/E ratio of 33.63, a PEG ratio of 1.47 and a beta of 1.28.

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

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’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 approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 20,842,622 shares of company stock valued at $4,731,205,179. Company insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Truist Financial upped their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Citigroup reissued an “overweight” rating on shares of Amazon.com in a research report on Wednesday, August 13th. JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $265.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Finally, Mizuho set a $300.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $265.09.

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.