Acadian Asset Management LLC Boosts Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Acadian Asset Management LLC increased its stake in Amazon.com by 51.1% in the first quarter, now owning over 4.5 million shares, which accounts for approximately 2.4% of its total holdings.
• Amazon reported a quarterly earnings per share (EPS) of $1.68, exceeding analysts' expectations of $1.31, with revenues of $167.70 billion for the quarter, showcasing a 13.3% year-over-year growth.
• Recent analysis indicates a positive outlook for Amazon, with several analysts raising their price targets, resulting in an average target price of $262.87 and a consensus rating of Buy.

Acadian Asset Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 51.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,541,012 shares of the e-commerce giant's stock after purchasing an additional 1,536,162 shares during the quarter. Amazon.com accounts for approximately 2.4% of Acadian Asset Management LLC's holdings, making the stock its 3rd largest holding. Acadian Asset Management LLC's holdings in Amazon.com were worth $863,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Nuveen LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $11,674,091,000. GAMMA Investing LLC boosted its holdings in shares of Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after acquiring an additional 30,104,520 shares during the period. Northern Trust Corp boosted its holdings in shares of Amazon.com by 14.0% during the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after acquiring an additional 11,926,749 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock worth $11,017,657,000 after acquiring an additional 10,176,835 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Amazon.com in the fourth quarter valued at approximately $2,037,963,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $228.15 on Friday. 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 twelve month low of $161.38 and a twelve month high of $242.52. The stock has a market cap of $2.43 trillion, a price-to-earnings ratio of 34.78, a P/E/G ratio of 1.54 and a beta of 1.30. The company's fifty day moving average is $226.87 and its 200 day moving average is $208.58.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for 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 quarterly revenue was up 13.3% compared to the same quarter last year. 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. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Susquehanna boosted their price target on Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Pivotal Research boosted their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a report on Friday, June 27th. Finally, Rosenblatt Securities upped their price target on shares of Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Two investment 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.com, the company currently has an average rating of "Buy" and a consensus target price of $262.87.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction on 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 sale, the chief executive officer owned 2,178,502 shares of the company's stock, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president directly owned 119,780 shares in the company, valued at $26,548,039.20. This trade represents a 2.22% decrease in their position. 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. 9.70% of the stock is owned by corporate insiders.

Amazon.com 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.

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