Community Financial Services Group LLC Sells 1,870 Shares of Amazon.com, Inc. $AMZN

Community Financial Services Group LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,559 shares of the e-commerce giant’s stock after selling 1,870 shares during the period. Amazon.com accounts for 2.7% of Community Financial Services Group LLC’s holdings, making the stock its 9th biggest holding. Community Financial Services Group LLC’s holdings in Amazon.com were worth $13,725,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. NRI Wealth Management LC lifted its holdings in shares of Amazon.com by 1.9% during the second quarter. NRI Wealth Management LC now owns 29,040 shares of the e-commerce giant’s stock worth $6,371,000 after purchasing an additional 543 shares during the period. Precision Wealth Strategies LLC raised its holdings in shares of Amazon.com by 46.0% during the second quarter. Precision Wealth Strategies LLC now owns 6,775 shares of the e-commerce giant’s stock valued at $1,486,000 after purchasing an additional 2,135 shares during the period. jvl associates llc raised its holdings in shares of Amazon.com by 38.8% during the second quarter. jvl associates llc now owns 5,485 shares of the e-commerce giant’s stock valued at $1,203,000 after purchasing an additional 1,533 shares during the period. B.O.S.S. Retirement Advisors LLC raised its holdings in shares of Amazon.com by 24.8% during the second quarter. B.O.S.S. Retirement Advisors LLC now owns 21,650 shares of the e-commerce giant’s stock valued at $4,750,000 after purchasing an additional 4,302 shares during the period. Finally, Newman Dignan & Sheerar Inc. raised its holdings in shares of Amazon.com by 2.4% during the second quarter. Newman Dignan & Sheerar Inc. now owns 28,730 shares of the e-commerce giant’s stock valued at $6,303,000 after purchasing an additional 669 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. Robert W. Baird upped their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Truist Financial upped their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Needham & Company LLC reissued a “buy” rating and set a $265.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Finally, UBS Group reissued a “buy” rating and set a $271.00 target price (up from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $266.26.

Amazon.com Stock Down 0.5%

Amazon.com stock opened at $214.47 on Friday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm 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 capitalization of $2.29 trillion, a P/E ratio of 32.69, a P/E/G 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.

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, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the prior year, the firm earned $1.26 EPS. The company’s revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $227.77, for a total transaction of $973,315,191.49. Following the completion of the transaction, the insider directly owned 890,273,469 shares of the company’s stock, valued at $202,777,588,034.13. This represents a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the transaction, the chief executive officer directly owned 3,138 shares of the company’s stock, valued at $695,286.66. This represents a 85.00% decrease in their ownership of the stock. 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 owned by insiders.

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.