Amazon.com, Inc. $AMZN Shares Sold by Milestone Asset Management Group LLC

Milestone Asset Management Group LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,366 shares of the e-commerce giant’s stock after selling 112 shares during the period. Amazon.com accounts for approximately 1.4% of Milestone Asset Management Group LLC’s investment portfolio, making the stock its 23rd biggest holding. Milestone Asset Management Group LLC’s holdings in Amazon.com were worth $1,592,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its position in Amazon.com by 1.2% during the 1st quarter. Proficio Capital Partners LLC now owns 83,328 shares of the e-commerce giant’s stock worth $15,906,000 after purchasing an additional 952 shares during the period. KLP Kapitalforvaltning AS grew its position in Amazon.com by 2.2% during the 1st quarter. KLP Kapitalforvaltning AS now owns 3,250,600 shares of the e-commerce giant’s stock worth $618,459,000 after purchasing an additional 69,500 shares during the period. Alpha Omega Group Inc. acquired a new stake in Amazon.com during the 1st quarter worth about $335,000. Financial Partners Group Inc grew its position in Amazon.com by 0.4% during the 1st quarter. Financial Partners Group Inc now owns 68,168 shares of the e-commerce giant’s stock worth $12,970,000 after purchasing an additional 241 shares during the period. Finally, WMG Financial Advisors LLC grew its position in Amazon.com by 4.8% during the 1st quarter. WMG Financial Advisors LLC now owns 9,897 shares of the e-commerce giant’s stock worth $1,883,000 after purchasing an additional 449 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on AMZN. Susquehanna increased their price target on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. Tigress Financial increased their price target on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Monness Crespi & Hardt increased their price target on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Royal Bank Of Canada increased their price target on Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, Barclays increased their price target on Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $262.87.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 25,012,284 shares of company stock valued at $5,656,976,492. Company insiders own 9.70% of the company’s stock.

Amazon.com Trading Down 1.8%

Shares of Amazon.com stock opened at $223.81 on Thursday. The firm has a market capitalization of $2.39 trillion, a PE ratio of 34.12, a P/E/G ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm’s 50-day moving average price is $222.12 and its 200 day moving average price is $208.46. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share 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 analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.