Thomasville National Bank Sells 3,065 Shares of Amazon.com, Inc. $AMZN

Thomasville National Bank lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 371,562 shares of the e-commerce giant’s stock after selling 3,065 shares during the period. Amazon.com comprises 5.6% of Thomasville National Bank’s holdings, making the stock its 2nd largest holding. Thomasville National Bank’s holdings in Amazon.com were worth $81,517,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Essex Savings Bank boosted its position in shares of Amazon.com by 1.0% during the 2nd quarter. Essex Savings Bank now owns 34,288 shares of the e-commerce giant’s stock worth $7,522,000 after acquiring an additional 351 shares in the last quarter. Phillips Wealth Planners LLC boosted its position in shares of Amazon.com by 3.1% during the 2nd quarter. Phillips Wealth Planners LLC now owns 3,140 shares of the e-commerce giant’s stock worth $689,000 after acquiring an additional 95 shares in the last quarter. Bell Bank boosted its position in shares of Amazon.com by 0.3% during the 2nd quarter. Bell Bank now owns 66,032 shares of the e-commerce giant’s stock worth $14,487,000 after acquiring an additional 226 shares in the last quarter. International Private Wealth Advisors LLC boosted its position in shares of Amazon.com by 15.5% during the 2nd quarter. International Private Wealth Advisors LLC now owns 16,846 shares of the e-commerce giant’s stock worth $3,696,000 after acquiring an additional 2,264 shares in the last quarter. Finally, Kapstone Financial Advisors LLC boosted its position in shares of Amazon.com by 1.7% during the 2nd quarter. Kapstone Financial Advisors LLC now owns 8,833 shares of the e-commerce giant’s stock worth $1,938,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 21,997,911 shares of company stock worth $4,989,630,574 over the last ninety days. 9.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on AMZN. Bank of America increased their price target on shares of Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Zacks Research lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. BNP Paribas Exane upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price on the stock in a research report on Friday, June 27th. Finally, Stifel Nicolaus raised their target price on shares of Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average price target of $264.04.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $219.78 on Friday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm has a fifty day simple moving average of $227.44 and a 200 day simple moving average of $210.23. The company has a market capitalization of $2.34 trillion, a PE ratio of 33.50, a P/E/G ratio of 1.47 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share 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 the consensus estimate of $161.80 billion. During the same quarter last year, the firm earned $1.26 earnings per share. Amazon.com’s quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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.