Amazon.com, Inc. $AMZN Shares Sold by Platinum Investment Management Ltd.

Platinum Investment Management Ltd. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,232 shares of the e-commerce giant’s stock after selling 5,538 shares during the period. Amazon.com accounts for approximately 0.7% of Platinum Investment Management Ltd.’s investment portfolio, making the stock its 24th biggest holding. Platinum Investment Management Ltd.’s holdings in Amazon.com were worth $10,801,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wiser Wealth Management Inc raised its position in shares of Amazon.com by 4.7% during the 2nd quarter. Wiser Wealth Management Inc now owns 4,070 shares of the e-commerce giant’s stock worth $893,000 after acquiring an additional 181 shares in the last quarter. Brookmont Capital Management raised its position in shares of Amazon.com by 12.6% during the 2nd quarter. Brookmont Capital Management now owns 1,305 shares of the e-commerce giant’s stock worth $286,000 after acquiring an additional 146 shares in the last quarter. Pelham Capital Ltd. grew its stake in Amazon.com by 29.1% during the 2nd quarter. Pelham Capital Ltd. now owns 74,904 shares of the e-commerce giant’s stock worth $16,433,000 after buying an additional 16,904 shares during the last quarter. Northstar Group Inc. grew its stake in Amazon.com by 0.9% during the 2nd quarter. Northstar Group Inc. now owns 88,849 shares of the e-commerce giant’s stock worth $19,493,000 after buying an additional 820 shares during the last quarter. Finally, Philip James Wealth Mangement LLC grew its stake in Amazon.com by 2.1% during the 2nd quarter. Philip James Wealth Mangement LLC now owns 8,317 shares of the e-commerce giant’s stock worth $1,825,000 after buying an additional 172 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 0.7%

Amazon.com stock opened at $213.04 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. 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 $2.27 trillion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28. The stock’s 50 day moving average price is $225.66 and its 200 day moving average price is $212.52.

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, beating 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 for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the business earned $1.26 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMZN. Citizens Jmp began coverage on Amazon.com in a research note on Thursday, July 10th. They set a “strong-buy” rating on the stock. Zacks Research downgraded Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Telsey Advisory Group restated an “outperform” rating and set a $265.00 price target on shares of Amazon.com in a research note on Wednesday, September 24th. Needham & Company LLC restated a “buy” rating and set a $265.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Finally, BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target on the stock in a research note on Friday, June 27th. 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $266.26.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com 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 sale, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,864,716 shares of company stock valued at $2,486,013,854. 9.70% of the stock is owned by company 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.