LGT Fund Management Co Ltd. Lowers Position in Amazon.com, Inc. $AMZN

LGT Fund Management Co Ltd. decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 252,038 shares of the e-commerce giant’s stock after selling 3,252 shares during the period. Amazon.com comprises 4.8% of LGT Fund Management Co Ltd.’s portfolio, making the stock its 3rd largest holding. LGT Fund Management Co Ltd.’s holdings in Amazon.com were worth $55,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. bought a new position in Amazon.com during the second quarter valued at approximately $27,000. Cooksen Wealth LLC bought a new position in Amazon.com during the first quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the first quarter valued at approximately $40,000. Capitol Family Office Inc. bought a new position in Amazon.com during the first quarter valued at approximately $42,000. Finally, Maryland Capital Advisors Inc. lifted its position in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were 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 directly owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew S. Garman sold 17,785 shares of the firm’s stock in a transaction 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. The trade was a 85.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,252,009 shares of company stock valued at $976,047,640 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AMZN. Wolfe Research increased their price target on shares of Amazon.com from $265.00 to $270.00 in a research report on Tuesday, September 30th. Scotiabank increased their price target on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 22nd. BMO Capital Markets increased their price target on shares of Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Pivotal Research increased their price target on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, Robert W. Baird increased their price target on shares of Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $266.26.

Amazon.com Stock Up 1.6%

Shares of AMZN stock opened at $216.48 on Tuesday. The company has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 33.00, a PEG ratio of 1.41 and a beta of 1.28. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company’s fifty day moving average price is $225.56 and its 200-day moving average price is $213.20. 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 (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS 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.