New Covenant Trust Company N.A. Has $2.46 Million Holdings in Amazon.com, Inc. $AMZN

New Covenant Trust Company N.A. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,017 shares of the e-commerce giant’s stock after selling 68 shares during the quarter. Amazon.com makes up 2.2% of New Covenant Trust Company N.A.’s holdings, making the stock its 11th largest holding. New Covenant Trust Company N.A.’s holdings in Amazon.com were worth $2,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Ridgecrest Wealth Partners LLC boosted its stake in Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after acquiring an additional 45 shares during the last quarter. Bare Financial Services Inc lifted its stake in Amazon.com by 5.4% in the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after buying an additional 48 shares in the last quarter. Heritage Oak Wealth Advisors LLC lifted its stake in Amazon.com by 1.2% in the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock valued at $862,000 after buying an additional 48 shares in the last quarter. Cobblestone Asset Management LLC lifted its stake in Amazon.com by 3.1% in the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock valued at $367,000 after buying an additional 50 shares in the last quarter. Finally, Seek First Inc. lifted its stake in Amazon.com by 0.5% in the second quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock valued at $2,009,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the transaction, the chief executive officer directly owned 3,138 shares in the company, valued at approximately $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $227.77, for a total transaction of $973,315,191.49. Following the transaction, the insider owned 890,273,469 shares in the company, valued at approximately $202,777,588,034.13. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,597,911 shares of company stock valued at $2,652,463,783 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on AMZN shares. Zacks Research lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the company a “buy” rating in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. BMO Capital Markets lifted their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, Cantor Fitzgerald lifted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average price target of $266.26.

Amazon.com Price Performance

NASDAQ AMZN opened at $216.37 on Monday. The company has a market capitalization of $2.31 trillion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The firm’s 50 day moving average is $225.94 and its 200-day moving average is $211.97. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share 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.