AGP Franklin LLC Purchases 5,273 Shares of Amazon.com, Inc. $AMZN

Key Points

• AGP Franklin LLC increased its holdings in Amazon.com, Inc. by 17.6%, acquiring an additional 5,273 shares during the first quarter, bringing its total to 35,172 shares valued at approximately $6.3 million.
• Wall Street analysts maintain a generally positive outlook on Amazon, with the stock receiving multiple "buy" ratings and an average price target of $262.87 as per recent reports.
• Amazon's shares recently traded up to $231.60, and the company reported a year-over-year revenue increase of 13.3%, with quarterly earnings surpassing analysts' expectations.

AGP Franklin LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,172 shares of the e-commerce giant's stock after acquiring an additional 5,273 shares during the quarter. Amazon.com comprises approximately 3.9% of AGP Franklin LLC's holdings, making the stock its 3rd biggest holding. AGP Franklin LLC's holdings in Amazon.com were worth $6,317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management acquired a new stake in Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Cooksen Wealth LLC acquired a new stake in Amazon.com in the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter valued at $40,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMZN. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. The Goldman Sachs Group reiterated a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Cowen restated a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Benchmark reaffirmed a "buy" rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Two equities 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 MarketBeat, the company has an average rating of "Buy" and an average price target of $262.87.

Amazon.com Trading Up 1.1%

Shares of AMZN stock traded up $2.48 on Thursday, reaching $231.60. The company had a trading volume of 33,650,159 shares, compared to its average volume of 46,110,316. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $223.48 and a 200-day moving average of $208.13. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a market cap of $2.47 trillion, a PE ratio of 35.30, a PEG ratio of 1.54 and a beta of 1.31.

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

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 6,835 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.62, for a total value of $1,514,772.70. Following the transaction, the chief executive officer owned 520,507 shares in the company, valued at $115,354,761.34. The trade was a 1.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock worth $5,675,986,299 in the last quarter. Company insiders own 9.70% of the company's stock.

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.