Amazon.com, Inc. $AMZN Position Reduced by Eagle Capital Management LLC

Eagle Capital Management LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,537 shares of the e-commerce giant’s stock after selling 346 shares during the quarter. Amazon.com accounts for 4.2% of Eagle Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Eagle Capital Management LLC’s holdings in Amazon.com were worth $9,552,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Ridgecrest Wealth Partners LLC boosted its holdings in Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after acquiring an additional 45 shares during the period. Bare Financial Services Inc boosted its stake in shares of Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after buying an additional 48 shares during the last quarter. Heritage Oak Wealth Advisors LLC boosted its stake in shares of Amazon.com by 1.2% during the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock valued at $862,000 after buying an additional 48 shares during the last quarter. Cobblestone Asset Management LLC boosted its stake in shares of Amazon.com by 3.1% during the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock valued at $367,000 after buying an additional 50 shares during the last quarter. Finally, Seek First Inc. lifted its stake in Amazon.com by 0.5% during the second quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock worth $2,009,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm’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 value of $3,953,635.00. Following the completion of the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,864,716 shares of company stock worth $2,486,013,854. 9.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. Evercore ISI restated an “outperform” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. Truist Financial raised their price objective on Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. raised their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Royal Bank Of Canada increased their target price on Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, Rosenblatt Securities increased their target price on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $266.26.

Amazon.com Trading Down 0.5%

NASDAQ:AMZN opened at $214.47 on Friday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The firm has a market capitalization of $2.29 trillion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $225.85 and a 200 day simple moving average of $212.38.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $161.80 billion. During the same period last year, the company posted $1.26 EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.