Allspring Global Investments Holdings LLC Trims Stock Holdings in Amazon.com, Inc. $AMZN

Allspring Global Investments Holdings LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,488,964 shares of the e-commerce giant’s stock after selling 81,665 shares during the quarter. Amazon.com makes up about 1.7% of Allspring Global Investments Holdings LLC’s portfolio, making the stock its 3rd largest position. Allspring Global Investments Holdings LLC’s holdings in Amazon.com were worth $989,637,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Carderock Capital Management Inc. acquired a new stake in Amazon.com during the second quarter worth approximately $27,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the first quarter worth approximately $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the 1st quarter worth approximately $40,000. Maryland Capital Advisors Inc. boosted its holdings in shares of Amazon.com by 81.9% during 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 in the last quarter. Finally, Capitol Family Office Inc. bought a new position in shares of Amazon.com during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. UBS Group set a $310.00 price objective on shares of Amazon.com in a research note on Friday. The Goldman Sachs Group raised their price target on shares of Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Robert W. Baird set a $285.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a report on Friday. DA Davidson increased their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Bank of America increased their price objective on shares of Amazon.com from $272.00 to $303.00 and gave the stock a “buy” rating in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, fifty-one have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $291.94.

Amazon.com Trading Up 4.0%

AMZN opened at $254.00 on Tuesday. 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 fifty-two week low of $161.38 and a fifty-two week high of $258.60. The firm has a market capitalization of $2.71 trillion, a PE ratio of 38.72, a P/E/G ratio of 1.52 and a beta of 1.28. The company’s 50-day moving average is $226.02 and its 200 day moving average is $216.95.

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

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Garman sold 17,785 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total value of $3,940,622.45. Following the transaction, the chief executive officer owned 3,138 shares in the company, valued at approximately $695,286.66. This trade represents a 85.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,411 shares of company stock valued at $21,222,702 over the last 90 days. Corporate insiders own 9.70% of the company’s stock.

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.