Amazon.com, Inc. $AMZN Position Decreased by Professional Advisory Services Inc.

Professional Advisory Services Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the second quarter, HoldingsChannel reports. The firm owned 144,933 shares of the e-commerce giant’s stock after selling 2,452 shares during the quarter. Amazon.com accounts for approximately 4.3% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 2nd largest holding. Professional Advisory Services Inc.’s holdings in Amazon.com were worth $31,797,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Marshall & Sullivan Inc. WA raised its position in shares of Amazon.com by 0.8% in the 2nd quarter. Marshall & Sullivan Inc. WA now owns 31,427 shares of the e-commerce giant’s stock worth $6,895,000 after buying an additional 246 shares during the period. Pinnacle Bancorp Inc. raised its position in shares of Amazon.com by 2.2% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 27,644 shares of the e-commerce giant’s stock worth $6,065,000 after buying an additional 589 shares during the period. Shelton Wealth Management LLC raised its position in shares of Amazon.com by 6.9% in the 2nd quarter. Shelton Wealth Management LLC now owns 11,404 shares of the e-commerce giant’s stock worth $2,502,000 after buying an additional 734 shares during the period. Global X Japan Co. Ltd. raised its position in shares of Amazon.com by 1.9% in the 2nd quarter. Global X Japan Co. Ltd. now owns 189,056 shares of the e-commerce giant’s stock worth $41,477,000 after buying an additional 3,506 shares during the period. Finally, Caldwell Sutter Capital Inc. raised its position in shares of Amazon.com by 6.0% in the 2nd quarter. Caldwell Sutter Capital Inc. now owns 2,965 shares of the e-commerce giant’s stock worth $650,000 after buying an additional 169 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AMZN shares. Cowen reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Robert W. Baird increased their price target on Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a report on Monday, July 21st. 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. 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. 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. Two 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $264.04.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 21,997,911 shares of company stock valued at $4,989,630,574 in the last three months. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Up 0.7%

Shares of Amazon.com stock opened at $219.78 on Friday. The company has a market capitalization of $2.34 trillion, a PE ratio of 33.50, a P/E/G ratio of 1.47 and a beta of 1.30. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The business has a 50-day moving average of $227.44 and a 200-day moving average of $210.23. 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 (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.