Amazon.com, Inc. $AMZN Stock Position Decreased by Wealthstar Advisors LLC

Wealthstar Advisors LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,925 shares of the e-commerce giant’s stock after selling 1,634 shares during the period. Amazon.com accounts for about 0.7% of Wealthstar Advisors LLC’s investment portfolio, making the stock its 24th largest position. Wealthstar Advisors LLC’s holdings in Amazon.com were worth $1,958,000 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. Western Wealth Management LLC increased its holdings 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 worth $26,660,000 after purchasing an additional 1,297 shares during the period. Flaharty Asset Management LLC increased its stake in Amazon.com by 87.7% during the first 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 period. Barnes Dennig Private Wealth Management LLC bought a new position in Amazon.com during the first quarter valued at about $514,000. Border to Coast Pensions Partnership Ltd increased its stake in Amazon.com by 6.0% during the second 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 period. Finally, Abel Hall LLC increased its stake in Amazon.com by 7.3% during the second 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 period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. UBS Group restated a “buy” rating and set a $279.00 price objective (up from $271.00) on shares of Amazon.com in a research report on Tuesday. Citizens Jmp initiated coverage on shares of Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Westpark Capital reissued a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, Wolfe Research upped their target price on shares of Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. Four investment 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 stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $268.54.

Amazon.com Stock Down 3.2%

NASDAQ AMZN opened at $222.86 on Friday. The stock’s 50 day simple moving average is $225.19 and its 200 day simple moving average is $215.39. 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 firm has a market cap of $2.38 trillion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 1.52 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.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com 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 transaction of $4,403,237.76. Following the sale, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total transaction of $542,750.00. Following the sale, the chief executive officer directly owned 515,507 shares in the company, valued at $111,916,569.70. This trade represents a 0.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 95,411 shares of company stock worth $21,222,702. 9.70% of the stock is currently owned by insiders.

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.