TrueMark Investments LLC Sells 297 Shares of Amazon.com, Inc. $AMZN

TrueMark Investments LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the second quarter, Holdings Channel reports. The institutional investor owned 7,759 shares of the e-commerce giant’s stock after selling 297 shares during the period. TrueMark Investments LLC’s holdings in Amazon.com were worth $1,702,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares during the period. Kingstone Capital Partners Texas LLC raised its position in shares of Amazon.com by 542,733.6% in the second 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 buying an additional 132,616,953 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Amazon.com by 0.3% in the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after buying an additional 302,858 shares during the period. Nuveen LLC bought a new stake in shares of Amazon.com in the first quarter valued at approximately $11,674,091,000. Finally, Charles Schwab Investment Management Inc. grew its position in Amazon.com by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock worth $11,461,952,000 after buying an additional 605,415 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. Telsey Advisory Group lifted their price objective on Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Friday, October 31st. Mizuho set a $315.00 price objective on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Canaccord Genuity Group set a $300.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Zacks Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $294.04.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value 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. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 22,000 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the transaction, the chief executive officer directly owned 493,507 shares of the company’s stock, valued at $123,391,555.21. The trade was a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 128,084 shares of company stock worth $29,405,457 in the last ninety days. Insiders own 9.70% of the company’s stock.

Amazon.com Trading Up 0.6%

Shares of Amazon.com stock opened at $244.41 on Monday. The firm’s 50 day moving average is $227.39 and its 200 day moving average is $219.01. The firm has a market capitalization of $2.61 trillion, a PE ratio of 37.26, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. 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 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 business had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Company 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.