Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by ICICI Prudential Asset Management Co Ltd

Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by ICICI Prudential Asset Management Co Ltd

  • 20.03.2025 08:33
  • etfdailynews.com
  • Keywords: High Risk

ICICI Prudential Asset Management reduced its stake in Amazon.com by 11.2%, selling 17,390 shares, while other investors like Accordant Advisory Group increased holdings. Amazon reported strong earnings, with analysts maintaining a "Moderate Buy" rating and a target price of $260.65.

Amazon ServicesAmazon ReportsAMZNsentiment_neutral
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Estimated market influence

ICICI Prudential Asset Management Co Ltd

Positivesentiment_satisfied
Analyst rating: N/A

Trimmed stake in Amazon.com by 11.2% in the fourth quarter.

Accordant Advisory Group Inc

Positivesentiment_satisfied
Analyst rating: N/A

Boosted holdings in Amazon.com by 400.0% in the 4th quarter.

Icon Wealth Advisors LLC

Positivesentiment_satisfied
Analyst rating: N/A

Grew position in Amazon.com by 20.5% during the third quarter.

Bull Oak Capital LLC

Positivesentiment_satisfied
Analyst rating: N/A

Acquired a new position in Amazon.com during the third quarter worth about $45,000.

Quattro Financial Advisors LLC

Positivesentiment_satisfied
Analyst rating: N/A

Grew position in Amazon.com by 23.8% during the fourth quarter.

Values First Advisors Inc.

Positivesentiment_satisfied
Analyst rating: N/A

Acquired a new position in Amazon.com during the third quarter worth about $56,000.

Amazon.com, Inc.

Amazon.com, Inc.

Neutralsentiment_neutral
Analyst rating: Strong buy

Shares sold by ICICI Prudential Asset Management Co Ltd; other institutional investors have also added to or reduced their stakes in AMZN. Amazon's shares opened at $195.54 on Thursday with a market cap of $2.07 trillion. The company reported earnings per share of $1.86, beating estimates, and has an average rating of 'Moderate Buy' from analysts.

Context

Analysis of Amazon.com (AMZN) Stock Movements and Business Insights

  • ICICI Prudential Asset Management Co Ltd reduced its stake in Amazon.com by 11.2% in the fourth quarter, selling 17,390 shares, leaving it with 137,407 shares worth $30,146,000. This represents 3.3% of its portfolio, making Amazon the 7th largest holding.
  • Accordant Advisory Group Inc increased its holdings by 400.0%, adding 100 shares to reach 125 shares valued at $27,000.
  • Icon Wealth Advisors LLC grew its position by 20.5%, acquiring an additional 25,581 shares to hold 150,661 shares worth $28,000.
  • Bull Oak Capital LLC and Quattro Financial Advisors LLC both acquired new positions in Amazon.com during the third and fourth quarters, respectively.
  • Values First Advisors Inc. also added a new position in Amazon.com during the third quarter.

Market Trends and Business Impact:

  • Institutional investors collectively own 72.20% of Amazon’s stock, indicating significant influence from large fund managers.
  • Amazon’s stock opened at $195.54, with a 50-day moving average of $219.90 and a 200-day moving average of $207.94. Its market capitalization is $2.07 trillion, with a P/E ratio of 35.36 and a PEG ratio of 1.50.
  • Amazon reported $1.86 EPS for the latest quarter, exceeding analyst estimates of $1.52. The company maintained a strong return on equity (24.25%) and net margin (9.29%).

Competitive Dynamics:

  • Amazon’s diversification into e-commerce, AWS, media content, and physical stores positions it as a dominant player in multiple markets.
  • Insider sales totaling 102,298 shares (valued at $22,871,828) over the last three months suggest potential confidence issues among top executives.

Analyst Sentiment:

  • Analysts maintain an average rating of “Moderate Buy” with a consensus target price of $260.65, reflecting optimism about Amazon’s long-term growth despite recent challenges.
  • Notable upgrades include Cantor Fitzgerald (Overweight, $270) and JPMorgan Chase & Co. (Overweight, $280), while Wells Fargo downgraded its target price to $203 with an “equal weight” rating.

Strategic Considerations:

  • Amazon’s focus on AWS, advertising, and subscription services underscores its shift toward more predictable revenue streams.
  • The company’s high debt-to-equity ratio (0.18) and current ratio (1.06) indicate financial stability but may limit aggressive expansion.

Long-Term Effects:

  • Amazon’s dominance in e-commerce and cloud computing positions it for sustained growth, though competition from local e-commerce platforms and regulatory scrutiny could pose risks.
  • The stock’s volatility (trading range of $151.61 to $242.52 over the past year) reflects investor sentiment toward tech giants in a fluctuating market environment.