Halbert Hargrove Global Advisors LLC Trims Stake in Amazon.com, Inc. $AMZN

Halbert Hargrove Global Advisors LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 46.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 224 shares of the e-commerce giant’s stock after selling 193 shares during the quarter. Halbert Hargrove Global Advisors LLC’s holdings in Amazon.com were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares in the last quarter. Kingstone Capital Partners Texas LLC lifted its holdings in Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after purchasing an additional 132,616,953 shares in the last quarter. Northern Trust Corp lifted its holdings in Amazon.com by 0.3% during the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after purchasing an additional 302,858 shares in the last quarter. Nuveen LLC purchased a new position in Amazon.com during the first quarter valued at approximately $11,674,091,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Amazon.com by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock valued at $11,461,952,000 after purchasing an additional 605,415 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Amazon.com in a research note on Wednesday, October 8th. 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. Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Finally, The Goldman Sachs Group upped their price objective on Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $266.26.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,715 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the sale, the vice president owned 119,780 shares in the company, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total transaction of $542,750.00. Following the completion of the sale, the chief executive officer owned 515,507 shares in the company, valued at $111,916,569.70. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,864,716 shares of company stock valued at $2,486,013,854 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $220.07 on Tuesday. The stock has a 50 day moving average of $226.10 and a 200 day moving average of $212.16. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm has a market cap of $2.35 trillion, a PE ratio of 33.55, a PEG ratio of 1.43 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter in the previous year, the business posted $1.26 earnings per share. Amazon.com’s quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.