Amazon.com, Inc. $AMZN Shares Sold by Heritage Investment Group Inc.

Heritage Investment Group Inc. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,361 shares of the e-commerce giant’s stock after selling 328 shares during the period. Heritage Investment Group Inc.’s holdings in Amazon.com were worth $737,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of AMZN. Moody Lynn & Lieberson LLC increased its position in Amazon.com by 5.0% during the second quarter. Moody Lynn & Lieberson LLC now owns 250,597 shares of the e-commerce giant’s stock worth $54,978,000 after buying an additional 11,994 shares during the period. Overbrook Management Corp lifted its holdings in Amazon.com by 16.0% in the second quarter. Overbrook Management Corp now owns 156,061 shares of the e-commerce giant’s stock valued at $34,238,000 after buying an additional 21,470 shares during the period. Smith Salley Wealth Management lifted its holdings in Amazon.com by 2.9% in the second quarter. Smith Salley Wealth Management now owns 263,387 shares of the e-commerce giant’s stock valued at $57,784,000 after buying an additional 7,453 shares during the period. City Holding Co. increased its position in shares of Amazon.com by 7.1% during the second quarter. City Holding Co. now owns 89,956 shares of the e-commerce giant’s stock worth $19,735,000 after acquiring an additional 5,935 shares in the last quarter. Finally, Symmetry Partners LLC increased its stake in shares of Amazon.com by 18.7% during the 2nd quarter. Symmetry Partners LLC now owns 13,402 shares of the e-commerce giant’s stock worth $2,940,000 after purchasing an additional 2,107 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMZN. DA Davidson increased their target price on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, August 1st. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Wells Fargo & Company upgraded shares of Amazon.com from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $245.00 to $280.00 in a research report on Wednesday, September 24th. Royal Bank Of Canada increased their price objective on Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, Evercore ISI reissued an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a report on Wednesday, August 13th. Three 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $266.26.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% 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, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,040,098 shares of company stock worth $3,204,129,405 in the last three months. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $216.37 on Friday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. 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 firm has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28. The company has a 50 day moving average price of $225.94 and a 200 day moving average price of $211.90.

Amazon.com (NASDAQ:AMZN) last announced 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 company 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%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current 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.