Spear Holdings RSC Ltd Sells 173,942 Shares of Amazon.com, Inc. $AMZN

Spear Holdings RSC Ltd cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 23.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 577,358 shares of the e-commerce giant’s stock after selling 173,942 shares during the quarter. Amazon.com makes up 9.3% of Spear Holdings RSC Ltd’s portfolio, making the stock its 4th biggest holding. Spear Holdings RSC Ltd’s holdings in Amazon.com were worth $126,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Brighton Jones LLC increased its position in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after buying an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after buying an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE increased its position in Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after buying an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new position in Amazon.com during the fourth quarter worth $2,153,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on AMZN shares. Stifel Nicolaus increased their target price on shares of Amazon.com from $260.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday. Rosenblatt Securities increased their target price on shares of Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. UBS Group restated a “buy” rating and set a $271.00 price target on shares of Amazon.com in a report on Wednesday. KeyCorp assumed coverage on shares of Amazon.com in a report on Thursday. They set an “overweight” rating for the company. Finally, Canaccord Genuity Group restated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Four 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 company. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average target price of $268.69.

Amazon.com Stock Up 1.4%

NASDAQ AMZN opened at $224.21 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a 50-day simple moving average of $225.10 and a 200 day simple moving average of $213.97. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The stock has a market cap of $2.39 trillion, a PE ratio of 34.18, a PEG ratio of 1.46 and a beta of 1.28.

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 the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter last year, the company earned $1.26 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares of the company’s stock, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,911 shares of company stock valued at $21,765,202 in the last quarter. 9.70% of the stock is currently owned by insiders.

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.