Montis Financial LLC Sells 237 Shares of Amazon.com, Inc. $AMZN

Montis Financial LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the 2nd quarter, Holdings Channel reports. The fund owned 7,257 shares of the e-commerce giant’s stock after selling 237 shares during the period. Montis Financial LLC’s holdings in Amazon.com were worth $1,592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Ridgecrest Wealth Partners LLC raised its position in Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after buying an additional 45 shares during the last quarter. Bare Financial Services Inc raised its position in Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after buying an additional 48 shares during the last quarter. Heritage Oak Wealth Advisors LLC raised its position in Amazon.com by 1.2% during the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock worth $862,000 after buying an additional 48 shares during the last quarter. Cobblestone Asset Management LLC raised its position in Amazon.com by 3.1% during the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock worth $367,000 after buying an additional 50 shares during the last quarter. Finally, Seek First Inc. raised its position in Amazon.com by 0.5% during the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock worth $2,009,000 after buying an additional 50 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total transaction of $542,750.00. Following the sale, the chief executive officer owned 515,507 shares of the company’s stock, valued at $111,916,569.70. The trade was a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,597,911 shares of company stock worth $2,652,463,783 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $216.37 on Monday. The firm has a market cap of $2.31 trillion, a PE ratio of 32.98, a PEG ratio of 1.43 and a beta of 1.28. The firm has a fifty day moving average of $225.94 and a 200 day moving average of $211.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the firm earned $1.26 EPS. The firm’s 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, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Truist Financial lifted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. Westpark Capital reaffirmed a “buy” rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. Wells Fargo & Company raised shares of Amazon.com from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $245.00 to $280.00 in a report on Wednesday, September 24th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, September 11th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $266.26.

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.