Amazon.com, Inc. $AMZN Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,773 shares of the e-commerce giant’s stock after selling 2,105 shares during the quarter. Amazon.com comprises approximately 3.2% of Forte Capital LLC ADV’s holdings, making the stock its 6th largest position. Forte Capital LLC ADV’s holdings in Amazon.com were worth $30,226,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. Kingstone Capital Partners Texas LLC grew its holdings in shares of Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after acquiring an additional 132,616,953 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after acquiring an additional 302,858 shares during the last quarter. Nuveen LLC acquired a new position in shares of Amazon.com in the 1st quarter worth $11,674,091,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Amazon.com by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock worth $11,461,952,000 after acquiring an additional 605,415 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AMZN shares. JMP Securities restated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, August 1st. The Goldman Sachs Group increased their target price on Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday. Wolfe Research increased their target price on Amazon.com from $265.00 to $270.00 in a report on Tuesday. Monness Crespi & Hardt increased their target price on Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Susquehanna increased their target price on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a report on Friday, August 1st. Three 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 currently has an average rating of “Buy” and an average target price of $266.26.

Insider Activity at Amazon.com

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. This represents a 26.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,845,122 shares of company stock valued at $4,731,747,929. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Down 1.3%

NASDAQ AMZN opened at $219.51 on Friday. 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’s 50 day moving average is $226.55 and its two-hundred day moving average is $211.02. The company has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.49 and a beta of 1.28. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts forecast 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.