Diamond Hill Capital Management Inc. Sells 361,280 Shares of Amazon.com, Inc. $AMZN

Market Beat
2025.08.23 07:02
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Diamond Hill Capital Management Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 19.2% in Q1, selling 361,280 shares, leaving it with 1,517,362 shares valued at approximately $288.7 million. Amazon represents 1.3% of Diamond Hill's portfolio. Institutional investors hold 72.20% of Amazon's stock. Analysts have set a consensus target price of $262.87 for AMZN, with a majority rating it as a 'Buy'. Recently, insider Jeffrey P. Bezos sold over 4.2 million shares, reducing his ownership by 0.47%.

Diamond Hill Capital Management Inc. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,517,362 shares of the e-commerce giant's stock after selling 361,280 shares during the quarter. Amazon.com comprises approximately 1.3% of Diamond Hill Capital Management Inc.'s investment portfolio, making the stock its 29th biggest holding. Diamond Hill Capital Management Inc.'s holdings in Amazon.com were worth $288,693,000 at the end of the most recent reporting period.

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Several other hedge funds and other institutional investors have also bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new position in Amazon.com in the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC bought a new position in Amazon.com in the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC bought a new position in Amazon.com in the first quarter valued at approximately $40,000. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Bank of America upped 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $265.00 price target on shares of Amazon.com in a research report on Wednesday, August 13th. Evercore ISI reaffirmed an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a research report on Wednesday, August 13th. Finally, HSBC upped their price objective on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $262.87.

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View Our Latest Analysis on Amazon.com

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value 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 approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 25,012,284 shares of company stock valued at $5,656,976,492 over the last three months. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Trading Up 3.1%

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Shares of Amazon.com stock opened at $228.84 on Friday. The company has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.88, a PEG ratio of 1.49 and a beta of 1.31. 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, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The firm's 50-day moving average price is $222.63 and its two-hundred day moving average price is $208.26.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its 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. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

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