Amazon.com, Inc. $AMZN Shares Sold by Strait & Sound Wealth Management LLC

Strait & Sound Wealth Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 47,420 shares of the e-commerce giant’s stock after selling 1,585 shares during the period. Amazon.com accounts for 4.4% of Strait & Sound Wealth Management LLC’s portfolio, making the stock its 6th biggest holding. Strait & Sound Wealth Management LLC’s holdings in Amazon.com were worth $10,403,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMZN. Brighton Jones LLC increased its position in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after acquiring an additional 397,007 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after purchasing an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE raised its stake in shares of Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at about $2,153,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMZN. Evercore ISI increased their target price on shares of Amazon.com from $280.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Loop Capital raised their price objective on shares of Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday. Monness Crespi & Hardt boosted their target price on Amazon.com from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, October 31st. TD Cowen upped their target price on Amazon.com from $255.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Westpark Capital reiterated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $294.70.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $222.69 on Thursday. The company has a market capitalization of $2.38 trillion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. 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 fifty day moving average of $228.17 and a 200-day moving average of $221.51. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. Amazon.com’s revenue for the quarter was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, Director Keith Brian Alexander sold 900 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total value of $209,700.00. Following the completion of the sale, the director owned 7,170 shares in the company, valued at approximately $1,670,610. This represents a 11.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 4,784 shares of Amazon.com stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $232.71, for a total transaction of $1,113,284.64. Following the transaction, the chief executive officer owned 498,182 shares in the company, valued at approximately $115,931,933.22. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 56,927 shares of company stock valued at $13,630,068 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.