Amazon.com, Inc. $AMZN Shares Bought by Alaethes Wealth LLC

Key Points

• Alaethes Wealth LLC increased its stake in Amazon.com by 3.8%, owning a total of 41,993 shares valued at approximately $7.99 million.
• Amazon reported its quarterly earnings with an EPS of $1.68, exceeding the estimates, and had a revenue of $167.70 billion, up 13.3% year-over-year.
• Several analysts have raised their price targets for Amazon, with BMO Capital Markets setting a new target of $280.00, reflecting strong positive sentiment among investors.

Alaethes Wealth LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,993 shares of the e-commerce giant's stock after buying an additional 1,521 shares during the period. Amazon.com accounts for 2.9% of Alaethes Wealth LLC's investment portfolio, making the stock its 6th largest holding. Alaethes Wealth LLC's holdings in Amazon.com were worth $7,990,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of AMZN. Nuveen LLC acquired a new position in Amazon.com in the first quarter valued at $11,674,091,000. GAMMA Investing LLC boosted its position in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Northern Trust Corp boosted its position in shares of Amazon.com by 14.0% in the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock valued at $21,297,564,000 after purchasing an additional 11,926,749 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock valued at $11,017,657,000 after purchasing an additional 10,176,835 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired 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 Price Performance

Shares of AMZN traded down $2.43 during mid-day trading on Wednesday, hitting $231.62. The company's stock had a trading volume of 42,648,898 shares, compared to its average volume of 33,471,536. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. 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 firm has a 50-day simple moving average of $227.51 and a 200 day simple moving average of $209.05. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 35.31, a P/E/G ratio of 1.56 and a beta of 1.30.

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

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AMZN shares. Oppenheimer decreased their price target on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Robert W. Baird increased their target price on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Canaccord Genuity Group reiterated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Finally, Wall Street Zen raised Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $263.30.

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.