Kentucky Trust Co Sells 260 Shares of Amazon.com, Inc. $AMZN

Kentucky Trust Co reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,197 shares of the e-commerce giant’s stock after selling 260 shares during the quarter. Amazon.com accounts for 1.9% of Kentucky Trust Co’s portfolio, making the stock its 10th largest position. Kentucky Trust Co’s holdings in Amazon.com were worth $3,334,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Ridgecrest Wealth Partners LLC increased its position in shares of Amazon.com by 0.5% during 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 purchasing an additional 45 shares during the period. Bare Financial Services Inc increased its position in shares of Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after purchasing an additional 48 shares during the period. Heritage Oak Wealth Advisors LLC increased its position in shares of Amazon.com by 1.2% during the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock valued at $862,000 after purchasing an additional 48 shares during the period. Cobblestone Asset Management LLC increased its position in shares of 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 valued at $367,000 after purchasing an additional 50 shares during the period. Finally, Seek First Inc. increased its position in shares of Amazon.com by 0.5% during the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock valued at $2,009,000 after purchasing an additional 50 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was 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. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 20,845,122 shares of company stock valued at $4,731,747,929 in the last 90 days. Insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. DA Davidson raised their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Stifel Nicolaus raised their price objective on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Scotiabank raised their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an “outperform” rating in a research note on Tuesday, July 1st. Finally, Rosenblatt Securities raised their price objective on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $266.26.

Amazon.com Trading Down 1.3%

Amazon.com stock opened at $219.51 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The business’s 50-day simple moving average is $226.55 and its 200-day simple moving average is $211.13. The firm has a market capitalization of $2.34 trillion, a PE ratio of 33.46, a PEG ratio of 1.47 and a beta of 1.28. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm’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 posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.