1900 Wealth Management LLC Sells 2,548 Shares of Amazon.com, Inc. $AMZN

1900 Wealth Management LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,266 shares of the e-commerce giant’s stock after selling 2,548 shares during the quarter. 1900 Wealth Management LLC’s holdings in Amazon.com were worth $5,104,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its stake in Amazon.com by 542,733.6% in the 2nd 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 during the last quarter. Northern Trust Corp boosted its holdings in shares of Amazon.com by 0.3% in 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 purchasing an additional 302,858 shares in the last quarter. Nuveen LLC purchased a new position in shares of Amazon.com in the 1st quarter worth about $11,674,091,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Amazon.com by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock worth $11,461,952,000 after purchasing an additional 605,415 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. Barclays increased their target price on Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Oppenheimer lowered their price target on Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 price target on shares of Amazon.com in a research report on Wednesday, September 24th. HSBC upped their price target on Amazon.com from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Finally, BMO Capital Markets increased their target price on Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. 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, Amazon.com currently has a consensus rating of “Buy” and an average price target of $266.26.

Amazon.com Stock Performance

AMZN stock opened at $213.04 on Friday. The company has a market cap of $2.27 trillion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock’s fifty day moving average price is $225.66 and its 200-day moving average price is $212.64.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for 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%.The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $227.77, for a total value of $973,315,191.49. Following the transaction, the insider directly owned 890,273,469 shares in the company, valued at $202,777,588,034.13. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction 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 in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,864,716 shares of company stock worth $2,486,013,854. Company insiders own 9.70% of the company’s stock.

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.