Enterprise Financial Services Corp Decreases Stake in Amazon.com, Positions It as 7th Largest Holding

Enterprise Financial Services Corp, in its quarterly SEC filing, reported reducing its investment in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9%. Post the sale of 226 shares, the fund's total holding in the e-commerce behemoth stood at 25,302 shares. Amazon.com now represents 2.2% of Enterprise Financial Services Corp's portfolio, ranking as its 7th largest position, with the value of these shares amounting to approximately $3.216 million as of the last quarter.

Other Investors in Amazon

Concurrently, several other institutional investors have adjusted their Amazon.com holdings. Mayflower Financial Advisors LLC increased its ownership by 0.3% in the third quarter, PayPay Securities Corp enhanced its stake by over 54% during the same period, and Laurel Wealth Planning LLC reported a significant increase in its shares by 1,900.0% in the second quarter. New stakes were also acquired by Sanctuary Wealth Management L.L.C. and Swaine & Leidel Wealth Services LLC. Overall, institutional investors and hedge funds own 57.96% of Amazon's stock.

Amazon.com's Financial Performance

Amazon stock opened at $171.81 recently, showcasing a market capitalization of $1.78 trillion. The company’s financial health appeared steady with a debt-to-equity ratio of 0.33 and liquidity ratios indicating its capability to cover short-term obligations. The firm’s earnings report surpassed expectations, with revenue growth of 13.9% year-over-year and an optimistic earnings forecast for the fiscal year.

Market Analysts' Opinions

Several financial analysts have offered their perspectives on Amazon's stock, with many increasing their price targets and maintaining EnterpriseFinancial, Amazon, Investment