Amazon.com, Inc. $AMZN Shares Sold by Sanders Morris Harris LLC

Sanders Morris Harris LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 78.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,670 shares of the e-commerce giant’s stock after selling 13,340 shares during the period. Sanders Morris Harris LLC’s holdings in Amazon.com were worth $875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Trust Asset Management LLC boosted its holdings in shares of Amazon.com by 3.3% during the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock valued at $26,000 after acquiring an additional 3,414 shares during the period. MilWealth Group LLC grew its position in Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after buying an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. acquired a new position in shares of Amazon.com during the fourth quarter valued at approximately $45,000. Elkhorn Partners Limited Partnership increased its position in shares of Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 180 shares during the period. Finally, Fairway Wealth LLC raised its position in Amazon.com by 95.6% in the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.5%

Shares of Amazon.com stock opened at $261.31 on Tuesday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average price of $248.23 and a two-hundred day moving average price of $238.78. The stock has a market capitalization of $2.82 trillion, a P/E ratio of 21.02, a PEG ratio of 1.75 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. Amazon.com’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.68 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 8.05 earnings per share for the current year.

Trending Headlines about Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Morgan Stanley maintained a Buy rating and a $335 price target, arguing that AWS could eventually become a $1 trillion annual-revenue business. The firm’s bullish case sees substantial upside if AI demand supports sustained cloud growth and improved earnings. Amazon Maintained at Buy as Analyst Sees Trillion-Dollar AWS Opportunity
• Positive Sentiment: Several prominent investors increased their Amazon exposure. Stanley Druckenmiller raised Duquesne’s position by more than 11 times, David Tepper made Amazon Appaloosa’s largest holding, and Peter Thiel’s fund listed AMZN as its top disclosed stock. These filings reinforce institutional confidence in Amazon’s AI and cloud strategy. Billionaire Investors’ Amazon Positions
• Positive Sentiment: Investor commentary highlighted AWS’s internally developed chips as a potentially underappreciated business that could improve Amazon’s AI economics and create additional strategic value. Amazon’s Underappreciated Chip Business
• Positive Sentiment: Amazon’s investment in Anthropic has become large enough to affect reported earnings, adding potential upside from AI-related holdings, although private-company valuations can be difficult to realize. Amazon’s Anthropic Investment

Analyst Ratings Changes

Several research firms have issued reports on AMZN. Scotiabank reaffirmed an “outperform” rating and issued a $325.00 price target (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $330.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. KeyCorp lifted their price objective on Amazon.com from $335.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Oppenheimer reissued an “outperform” rating on shares of Amazon.com in a research report on Friday, July 31st. Finally, Benchmark increased their price target on shares of Amazon.com from $370.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $322.56.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 2,363 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $262.38, for a total transaction of $620,003.94. Following the completion of the transaction, the vice president owned 119,780 shares of the company’s stock, valued at $31,427,876.40. The trade was a 1.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.40, for a total value of $4,074,007.80. Following the completion of the sale, the chief executive officer directly owned 14,159 shares in the company, valued at approximately $3,729,480.60. This represents a 52.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 62,650 shares of company stock worth $16,535,457. Insiders own 8.90% of the company’s stock.

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.