Herbst Group LLC Sells 52 Shares of Amazon.com, Inc. $AMZN

Herbst Group LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,933 shares of the e-commerce giant’s stock after selling 52 shares during the quarter. Amazon.com comprises about 3.3% of Herbst Group LLC’s portfolio, making the stock its 8th largest holding. Herbst Group LLC’s holdings in Amazon.com were worth $5,470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Oxinas Partners Wealth Management LLC boosted its position in Amazon.com by 6.7% in the 2nd quarter. Oxinas Partners Wealth Management LLC now owns 31,707 shares of the e-commerce giant’s stock worth $6,956,000 after purchasing an additional 1,995 shares in the last quarter. Avaii Wealth Management LLC grew its position in shares of Amazon.com by 6.8% in the second quarter. Avaii Wealth Management LLC now owns 35,318 shares of the e-commerce giant’s stock valued at $7,748,000 after purchasing an additional 2,249 shares in the last quarter. Palumbo Wealth Management LLC grew its holdings in shares of Amazon.com by 31.1% in the second quarter. Palumbo Wealth Management LLC now owns 46,647 shares of the e-commerce giant’s stock valued at $10,234,000 after purchasing an additional 11,077 shares during the period. McAdam LLC increased its stake in Amazon.com by 11.1% during the second quarter. McAdam LLC now owns 30,140 shares of the e-commerce giant’s stock worth $6,612,000 after acquiring an additional 3,023 shares during the last quarter. Finally, Xcel Wealth Management LLC increased its position in shares of Amazon.com by 2.6% during the second quarter. Xcel Wealth Management LLC now owns 136,751 shares of the e-commerce giant’s stock valued at $30,002,000 after acquiring an additional 3,506 shares during the last quarter. 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 the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,798,540 shares of company stock valued at $4,273,477,287. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AMZN shares. Oppenheimer reduced their target price on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a report on Friday, August 1st. Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Cantor Fitzgerald upped their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Truist Financial raised their price target on Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Finally, Bank of America boosted their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Three 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $266.26.

Amazon.com Stock Down 1.3%

NASDAQ AMZN opened at $219.51 on Monday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a market cap of $2.34 trillion, a PE ratio of 33.46, a P/E/G ratio of 1.47 and a beta of 1.28. 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 business has a 50 day moving average price of $226.55 and a two-hundred day moving average price of $211.24.

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 return on equity of 23.84% and a net margin of 10.54%.The company’s revenue was up 13.3% on a year-over-year basis. 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, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.