Liberty Capital Management Inc. Lowers Holdings in Amazon.com, Inc. $AMZN

Liberty Capital Management Inc. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 65,106 shares of the e-commerce giant’s stock after selling 244 shares during the quarter. Amazon.com accounts for approximately 2.9% of Liberty Capital Management Inc.’s holdings, making the stock its 6th biggest holding. Liberty Capital Management Inc.’s holdings in Amazon.com were worth $14,284,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Cooper Financial Group grew its holdings in shares of Amazon.com by 2.1% in the 2nd quarter. Cooper Financial Group now owns 113,054 shares of the e-commerce giant’s stock worth $24,803,000 after purchasing an additional 2,302 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Amazon.com by 3.3% in the 2nd quarter. Truist Financial Corp now owns 4,387,901 shares of the e-commerce giant’s stock worth $962,662,000 after purchasing an additional 140,738 shares during the last quarter. Powers Advisory Group LLC grew its holdings in shares of Amazon.com by 5.3% in the 2nd quarter. Powers Advisory Group LLC now owns 5,898 shares of the e-commerce giant’s stock worth $1,294,000 after purchasing an additional 298 shares during the last quarter. Bourgeon Capital Management LLC grew its holdings in shares of Amazon.com by 2.3% in the 2nd quarter. Bourgeon Capital Management LLC now owns 69,568 shares of the e-commerce giant’s stock worth $15,263,000 after purchasing an additional 1,550 shares during the last quarter. Finally, First United Bank & Trust grew its holdings in shares of Amazon.com by 5.2% in the 2nd quarter. First United Bank & Trust now owns 12,025 shares of the e-commerce giant’s stock worth $2,638,000 after purchasing an additional 590 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. JMP Securities reissued a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Amazon.com in a report on Wednesday, October 8th. Morgan Stanley reissued an “overweight” rating on shares of Amazon.com in a report on Wednesday, September 10th. Wolfe Research increased their price objective on shares of Amazon.com from $265.00 to $270.00 in a report on Tuesday, September 30th. Finally, Cantor Fitzgerald increased their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus price target of $266.26.

Amazon.com Stock Performance

Amazon.com stock opened at $216.39 on Wednesday. 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, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a market cap of $2.31 trillion, a PE ratio of 32.99, a PEG ratio of 1.46 and a beta of 1.28. The company’s 50-day moving average is $226.16 and its two-hundred day moving average is $212.19.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. This trade represents a 26.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,864,716 shares of company stock worth $2,486,013,854 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com 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.