Perennial Advisors LLC Reduces Position in Amazon.com, Inc. $AMZN

Perennial Advisors LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 85,882 shares of the e-commerce giant’s stock after selling 322 shares during the period. Amazon.com accounts for about 3.5% of Perennial Advisors LLC’s portfolio, making the stock its 5th largest position. Perennial Advisors LLC’s holdings in Amazon.com were worth $18,842,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com in the second quarter worth about $27,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at $36,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com in the first quarter worth about $40,000. Capitol Family Office Inc. purchased a new position in Amazon.com during the first quarter worth approximately $42,000. Finally, Maryland Capital Advisors Inc. lifted its position in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 1.3%

AMZN stock opened at $219.51 on Monday. The company’s 50 day simple moving average is $226.55 and its 200-day simple moving average is $211.24. The firm has a market capitalization 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 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 12 month low of $161.38 and a 12 month 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

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 stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was 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 owned 2,178,502 shares of the company’s stock, valued at approximately $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 ninety days, insiders have sold 18,798,540 shares of company stock worth $4,273,477,287. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AMZN shares. Barclays lifted their price target on Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Amazon.com in a report on Saturday, September 27th. Piper Sandler boosted their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. The Goldman Sachs Group upped their price target on Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Oppenheimer reduced their price target on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a research 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target 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.