Greenup Street Wealth Management LLC Sells 347 Shares of Amazon.com, Inc. $AMZN

Greenup Street Wealth Management LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,035 shares of the e-commerce giant’s stock after selling 347 shares during the period. Greenup Street Wealth Management LLC’s holdings in Amazon.com were worth $2,421,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Wilson Asset Management International PTY Ltd. purchased a new stake in shares of Amazon.com during the 2nd quarter valued at $11,102,000. Western Wealth Management LLC grew its position in Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after buying an additional 1,297 shares during the period. Flaharty Asset Management LLC raised its position in Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after acquiring an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in Amazon.com in the first quarter valued at about $514,000. Finally, Border to Coast Pensions Partnership Ltd grew its position in shares of Amazon.com by 6.0% during the 2nd 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. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 transaction, the senior vice president owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. This trade represents a 26.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 128,084 shares of company stock worth $29,405,457. Company insiders own 9.70% of the company’s stock.

Amazon.com Trading Down 2.0%

Shares of AMZN opened at $244.20 on Thursday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The stock has a market cap of $2.61 trillion, a PE ratio of 37.23, a P/E/G ratio of 1.52 and a beta of 1.29. 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 business’s 50-day moving average price is $228.61 and its 200-day moving average price is $220.04.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $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 Analysts Forecast Growth

A number of equities research analysts recently commented on AMZN shares. New Street Research lifted their price target on shares of Amazon.com from $270.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Benchmark boosted their target price on Amazon.com from $260.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, October 31st. BNP Paribas Exane increased their price target on Amazon.com from $264.00 to $289.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Citizens Jmp lifted their price objective on Amazon.com from $285.00 to $300.00 and gave the stock a “market outperform” rating in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $265.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus target price of $294.15.

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.