Amazon.com, Inc. $AMZN Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,290,118 shares of the e-commerce giant’s stock after selling 65,059 shares during the period. Amazon.com accounts for approximately 2.6% of New York Life Investment Management LLC’s portfolio, making the stock its 4th biggest position. New York Life Investment Management LLC’s holdings in Amazon.com were worth $283,039,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Carderock Capital Management Inc. purchased a new position in Amazon.com in the second quarter worth approximately $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at $36,000. Maryland Capital Advisors Inc. raised its holdings in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares in the last quarter. Ryan Investment Management Inc. purchased a new stake in shares of Amazon.com during the 2nd quarter worth $48,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Amazon.com during the first quarter worth $59,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, Director Keith Brian Alexander sold 900 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 8,173 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $250.03, for a total value of $2,043,495.19. Following the completion of the transaction, the director owned 80,030 shares in the company, valued at $20,009,900.90. This trade represents a 9.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 43,357 shares of company stock worth $10,607,215. Company insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $220.69 on Friday. 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 cap of $2.36 trillion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. The company’s 50 day simple moving average is $227.77 and its 200-day simple moving average is $221.98. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results 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 firm 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%. Amazon.com’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMZN. JMP Securities set a $300.00 price target on Amazon.com in a report on Friday, October 31st. CICC Research raised their target price on Amazon.com from $240.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Westpark Capital reaffirmed a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Loop Capital increased their price target on shares of Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $294.70.

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.