Prime Capital Investment Advisors LLC Cuts Holdings in Amazon.com, Inc. $AMZN

Prime Capital Investment Advisors LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 523,916 shares of the e-commerce giant’s stock after selling 113,801 shares during the quarter. Amazon.com accounts for 1.5% of Prime Capital Investment Advisors LLC’s portfolio, making the stock its 16th biggest holding. Prime Capital Investment Advisors LLC’s holdings in Amazon.com were worth $114,942,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AMZN. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com during the second quarter valued at approximately $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com during the 1st quarter valued at $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the 1st quarter valued at $40,000. Maryland Capital Advisors Inc. boosted its stake in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the last quarter. Finally, Capitol Family Office Inc. bought a new stake in shares of Amazon.com in the first quarter worth $42,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 1.4%

Shares of AMZN stock opened at $221.09 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 one year low of $161.38 and a one year high of $242.52. The company’s fifty day moving average price is $225.24 and its 200-day moving average price is $213.61. The company has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 33.70, a PEG ratio of 1.44 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate 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 net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. 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.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMZN. CIBC raised their target price on Amazon.com to $315.00 in a research report on Monday. Wells Fargo & Company upgraded shares of Amazon.com from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $245.00 to $280.00 in a research report on Wednesday, September 24th. UBS Group reaffirmed a “buy” rating and set a $271.00 target price on shares of Amazon.com in a report on Wednesday. Zacks Research cut shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, Stifel Nicolaus boosted their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average price target of $267.94.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the transaction, the chief executive officer directly owned 3,138 shares in the company, valued at $695,286.66. This trade represents a 85.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,911 shares of company stock worth $21,765,202 in the last three months. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Company 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.