Levin Capital Strategies L.P. Has $23.12 Million Position in Amazon.com, Inc. $AMZN

Levin Capital Strategies L.P. decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 1st quarter, Holdings Channel reports. The fund owned 121,539 shares of the e-commerce giant’s stock after selling 3,070 shares during the quarter. Amazon.com accounts for approximately 2.4% of Levin Capital Strategies L.P.’s investment portfolio, making the stock its 9th biggest position. Levin Capital Strategies L.P.’s holdings in Amazon.com were worth $23,124,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $25,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the first quarter worth $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com during the first quarter worth $40,000. Capitol Family Office Inc. acquired a new position in Amazon.com during the first quarter worth $42,000. Finally, Harbor Investment Advisory LLC boosted its holdings in Amazon.com by 0.7% during the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 2,145 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock worth $5,676,032,574 in the last quarter. 9.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. Citizens Jmp initiated coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating for the company. Pivotal Research increased their target price on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Scotiabank increased their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 22nd. Finally, UBS Group restated a “buy” rating and set a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $262.87.

Amazon.com Stock Performance

NASDAQ AMZN opened at $232.33 on Friday. The firm has a 50-day moving average of $225.74 and a 200-day moving average of $208.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market cap of $2.48 trillion, a PE ratio of 35.42, a P/E/G ratio of 1.58 and a beta of 1.30. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current 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.