Chelsea Counsel Co. Sells 1,390 Shares of Amazon.com, Inc. $AMZN

Chelsea Counsel Co. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,493 shares of the e-commerce giant’s stock after selling 1,390 shares during the quarter. Amazon.com comprises approximately 1.1% of Chelsea Counsel Co.’s investment portfolio, making the stock its 25th biggest holding. Chelsea Counsel Co.’s holdings in Amazon.com were worth $2,302,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased 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 worth $158,348,557,000 after buying an additional 8,913,959 shares during the last quarter. Kingstone Capital Partners Texas LLC raised its stake 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 worth $29,100,194,000 after acquiring an additional 132,616,953 shares in the last quarter. Northern Trust Corp boosted its position in Amazon.com by 0.3% during the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after buying an additional 302,858 shares during the period. Nuveen LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $11,674,091,000. Finally, Charles Schwab Investment Management Inc. increased its position in Amazon.com by 1.0% during the 1st 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 during the period. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the stock an “outperform” rating in a report on Tuesday, July 1st. Zacks Research cut Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Westpark Capital reiterated a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. Canaccord Genuity Group restated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Finally, Royal Bank Of Canada raised their target price on Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Three equities research 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, the stock currently has a consensus rating of “Buy” and an average target price of $266.26.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares in the company, valued at $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, 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.

Amazon.com Stock Performance

Shares of AMZN opened at $214.47 on Friday. The stock has a 50-day moving average price of $225.85 and a 200-day moving average price of $212.38. The company has a market cap of $2.29 trillion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. 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 released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.