Amazon.com, Inc. $AMZN Position Increased by 3G Capital Partners LP

Key Points

• 3G Capital Partners LP increased its stake in Amazon.com by 92.3% during the first quarter, now holding 125,000 shares, which is valued at approximately $23.8 million.
• Several hedge funds also increased their positions in Amazon.com, contributing to 72.20% of the stock now being owned by institutional investors.
• Amazon's stock has been upgraded by multiple analysts, with a consensus rating of "Buy" and an average target price of $262.87.

3G Capital Partners LP lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 92.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 125,000 shares of the e-commerce giant's stock after purchasing an additional 60,000 shares during the period. Amazon.com accounts for approximately 6.8% of 3G Capital Partners LP's portfolio, making the stock its 10th largest position. 3G Capital Partners LP's holdings in Amazon.com were worth $23,782,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cooksen Wealth LLC purchased a new stake in Amazon.com in the first quarter worth about $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter worth about $40,000. Capitol Family Office Inc. purchased a new stake in Amazon.com in the first quarter worth about $42,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Amazon.com during the first quarter valued at approximately $59,000. Finally, von Borstel & Associates Inc. purchased a new position in shares of Amazon.com during the first quarter valued at approximately $66,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the transaction, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total transaction of $558,725.00. Following the sale, the chief executive officer owned 518,007 shares of the company's stock, valued at approximately $115,769,384.43. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. Corporate insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AMZN shares. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Wall Street Zen raised shares of Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Scotiabank raised their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 22nd. Pivotal Research boosted their price objective on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, BMO Capital Markets lifted their target price on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com Price Performance

Shares of AMZN traded down $1.80 during trading hours on Friday, hitting $228.15. 38,434,486 shares of the stock were exchanged, compared to its average volume of 32,713,818. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a market cap of $2.43 trillion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock's 50-day moving average price is $226.87 and its two-hundred day moving average price is $208.62.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Company 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.