Amazon.com, Inc. $AMZN Holdings Lessened by Sitrin Capital Management LLC

Sitrin Capital Management LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 12.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,051 shares of the e-commerce giant’s stock after selling 4,587 shares during the quarter. Amazon.com makes up approximately 3.6% of Sitrin Capital Management LLC’s holdings, making the stock its 10th biggest position. Sitrin Capital Management LLC’s holdings in Amazon.com were worth $7,032,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Western Wealth Management LLC boosted its position in shares of Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after acquiring an additional 1,297 shares during the last quarter. Flaharty Asset Management LLC boosted its position in shares of Amazon.com by 87.7% during the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after acquiring an additional 2,377 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Amazon.com during the 1st quarter valued at approximately $514,000. Border to Coast Pensions Partnership Ltd boosted its position in shares of Amazon.com by 6.0% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after acquiring an additional 63,924 shares during the last quarter. Finally, Abel Hall LLC boosted its position in shares of Amazon.com by 7.3% during the 2nd quarter. Abel Hall LLC now owns 12,740 shares of the e-commerce giant’s stock valued at $2,795,000 after acquiring an additional 863 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 6,835 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.62, for a total value of $1,514,772.70. Following the transaction, the chief executive officer directly owned 520,507 shares in the company, valued at $115,354,761.34. The trade was a 1.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,911 shares of company stock worth $21,765,202. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

AMZN stock opened at $226.97 on Tuesday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business’s fifty day simple moving average is $225.01 and its two-hundred day simple moving average is $214.69. The firm has a market cap of $2.42 trillion, a price-to-earnings ratio of 34.60, a PEG ratio of 1.48 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last posted 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. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The business’s revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMZN shares. Truist Financial increased their price target on Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Wells Fargo & Company upgraded Amazon.com from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $245.00 to $280.00 in a report on Wednesday, September 24th. Pivotal Research increased their price target on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 1st. Citizens Jmp started coverage on Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating on the stock. Finally, Bank of America increased their price target on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a report on Friday, August 1st. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $268.38.

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.