Bannerman Wealth Management Group LLC Cuts Position in Amazon.com, Inc. $AMZN

Bannerman Wealth Management Group LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 32.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,939 shares of the e-commerce giant’s stock after selling 2,328 shares during the quarter. Amazon.com comprises 0.8% of Bannerman Wealth Management Group LLC’s portfolio, making the stock its 16th biggest holding. Bannerman Wealth Management Group LLC’s holdings in Amazon.com were worth $1,084,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ridgecrest Wealth Partners LLC increased its holdings in shares of Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after acquiring an additional 45 shares during the period. Bare Financial Services Inc lifted its position in Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after acquiring an additional 48 shares during the period. Cobblestone Asset Management LLC lifted its position in Amazon.com by 3.1% during the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock worth $367,000 after acquiring an additional 50 shares during the period. Seek First Inc. lifted its holdings in shares of Amazon.com by 0.5% in the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock valued at $2,009,000 after buying an additional 50 shares during the period. Finally, Vista Investment Partners LLC lifted its holdings in shares of Amazon.com by 0.9% in the 2nd quarter. Vista Investment Partners LLC now owns 5,859 shares of the e-commerce giant’s stock valued at $1,285,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the sale, the chief executive officer owned 515,507 shares of the company’s stock, valued at $111,916,569.70. This trade represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,845,122 shares of company stock worth $4,731,747,929. 9.70% of the stock is owned by corporate insiders.

Amazon.com Trading Down 1.3%

Shares of AMZN opened at $219.51 on Friday. The stock has a market cap of $2.34 trillion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The firm has a 50 day simple moving average of $226.55 and a 200-day simple moving average of $211.02.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, September 19th. Piper Sandler upped their price objective on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Needham & Company LLC restated a “buy” rating and set a $265.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Westpark Capital reiterated a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Finally, Citizens Jmp initiated coverage on Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $266.26.

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.