Greenwood Capital Associates LLC Decreases Stock Position in Amazon.com, Inc. $AMZN

Greenwood Capital Associates LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 82,186 shares of the e-commerce giant’s stock after selling 2,686 shares during the period. Amazon.com accounts for 2.2% of Greenwood Capital Associates LLC’s investment portfolio, making the stock its 6th largest position. Greenwood Capital Associates LLC’s holdings in Amazon.com were worth $18,031,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Kingstone Capital Partners Texas LLC grew its position in shares of Amazon.com by 542,733.6% during 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 purchasing an additional 132,616,953 shares in the last quarter. Nuveen LLC bought a new stake in Amazon.com during the first quarter valued at $11,674,091,000. Goldman Sachs Group Inc. grew its position in Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after buying an additional 10,176,835 shares in the last quarter. Vanguard Group Inc. grew its position in Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after buying an additional 8,913,959 shares in the last quarter. Finally, Amundi increased its stake in Amazon.com by 15.1% in the 1st quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock worth $9,884,098,000 after acquiring an additional 7,267,277 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com 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 completion of the transaction, the chief executive officer directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,591,479 shares of company stock worth $1,512,698,663. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AMZN shares. Canaccord Genuity Group reiterated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Barclays lifted their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wolfe Research increased their price target on shares of Amazon.com from $265.00 to $270.00 in a report on Tuesday, September 30th. Robert W. Baird raised their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, Monness Crespi & Hardt upped their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Three 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 stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $266.26.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $213.04 on Monday. 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 stock has a market cap of $2.27 trillion, a PE ratio of 32.48, a PEG ratio of 1.41 and a beta of 1.28. The company’s fifty day moving average is $225.66 and its 200 day moving average is $212.88. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analysts’ expectations 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. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.