Investment Research & Advisory Group Inc. Cuts Stock Position in Amazon.com, Inc. $AMZN

Investment Research & Advisory Group Inc. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,658 shares of the e-commerce giant’s stock after selling 235 shares during the quarter. Amazon.com makes up 3.3% of Investment Research & Advisory Group Inc.’s portfolio, making the stock its 5th largest position. Investment Research & Advisory Group Inc.’s holdings in Amazon.com were worth $8,920,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ridgecrest Wealth Partners LLC raised its position in Amazon.com by 0.5% in the second 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 period. Bare Financial Services Inc raised its position in shares of 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 purchasing an additional 48 shares during the period. Heritage Oak Wealth Advisors LLC raised its position in shares of 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 purchasing an additional 48 shares during the period. Cobblestone Asset Management LLC raised its position in shares of 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 purchasing an additional 50 shares during the period. Finally, Seek First Inc. raised its position in shares of 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 purchasing an additional 50 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $227.77, for a total value of $973,315,191.49. Following the completion of the transaction, the insider owned 890,273,469 shares of the company’s stock, valued at $202,777,588,034.13. The trade was a 0.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the transaction, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,597,911 shares of company stock worth $2,652,463,783. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMZN. Rosenblatt Securities boosted their price target on shares of Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Telsey Advisory Group reissued an “outperform” rating and issued a $265.00 price target on shares of Amazon.com in a research report on Wednesday, September 24th. Monness Crespi & Hardt boosted their price target on shares of Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Scotiabank boosted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average price target of $266.26.

Amazon.com Stock Performance

Amazon.com stock opened at $216.37 on Monday. The firm’s 50 day simple moving average is $225.94 and its 200 day simple moving average is $211.97. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm 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 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts expect 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.