Amazon.com, Inc. $AMZN Holdings Decreased by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 11.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,520 shares of the e-commerce giant’s stock after selling 2,132 shares during the quarter. Amazon.com makes up approximately 0.7% of Sovereign Financial Group Inc.’s holdings, making the stock its 25th largest position. Sovereign Financial Group Inc.’s holdings in Amazon.com were worth $3,624,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AMZN. Kingstone Capital Partners Texas LLC increased its holdings in shares of Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after acquiring an additional 132,616,953 shares during the last quarter. Nuveen LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $11,674,091,000. Goldman Sachs Group Inc. increased its holdings in shares of Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after acquiring an additional 10,176,835 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. Finally, Amundi grew its stake in Amazon.com by 15.1% during the 1st quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock worth $9,884,098,000 after buying an additional 7,267,277 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 9.6%

Shares of Amazon.com stock opened at $244.22 on Friday. 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 firm has a market cap of $2.60 trillion, a price-to-earnings ratio of 37.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. The business has a fifty day simple moving average of $225.49 and a 200-day simple moving average of $216.08. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $250.50.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on AMZN shares. Oppenheimer upped their price objective on Amazon.com from $245.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday. HSBC upped their price objective on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday. Citizens Jmp upped their price objective on Amazon.com from $285.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Friday. Piper Sandler restated a “negative” rating on shares of Amazon.com in a research note on Friday. Finally, Monness Crespi & Hardt upped their price objective on Amazon.com from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $289.88.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 2,715 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president 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 position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 95,411 shares of company stock valued at $21,222,702. 9.70% of the stock is currently owned by insiders.

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.