Ninety One UK Ltd Reduces Stock Position in Amazon.com, Inc. $AMZN

Ninety One UK Ltd reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,736,222 shares of the e-commerce giant’s stock after selling 989,677 shares during the period. Amazon.com accounts for approximately 2.4% of Ninety One UK Ltd’s portfolio, making the stock its 11th largest position. Ninety One UK Ltd’s holdings in Amazon.com were worth $1,039,080,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Carderock Capital Management Inc. purchased a new stake in Amazon.com in the second quarter worth $27,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com during the first quarter valued at $40,000. Maryland Capital Advisors Inc. lifted its position in Amazon.com by 81.9% during the second 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 during the period. Finally, Capitol Family Office Inc. purchased a new position in Amazon.com during the first quarter valued at $42,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Cowen reiterated a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Zacks Research lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Wolfe Research lifted their price objective on Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $266.26.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $215.57 on Thursday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm has a market cap of $2.30 trillion, a P/E ratio of 32.86, a PEG ratio of 1.43 and a beta of 1.28. The company has a 50 day moving average of $226.02 and a 200 day moving average of $212.21. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last posted 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 return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter in the previous year, the business earned $1.26 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares of the company’s stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,864,716 shares of company stock worth $2,486,013,854 in the last quarter. Insiders own 9.70% of the company’s stock.

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.