AlphaCore Capital LLC Has $14.67 Million Stake in Amazon.com, Inc. $AMZN

Key Points

• AlphaCore Capital LLC increased its stake in Amazon.com, Inc. by 61.3%, owning a total of 77,102 shares worth approximately $14.67 million, making it the firm's 14th largest holding.
• Jeffrey P. Bezos sold over 4 million shares of Amazon for nearly $961 million, resulting in a 0.47% decrease in his ownership, while insiders sold a total of 25 million shares last quarter.
• Wall Street analysts generally maintain a "Buy" rating on Amazon, with an average price target of $262.87, indicating optimism about the company’s performance despite a few downgrades.

AlphaCore Capital LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 61.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,102 shares of the e-commerce giant's stock after acquiring an additional 29,299 shares during the quarter. Amazon.com comprises about 1.2% of AlphaCore Capital LLC's investment portfolio, making the stock its 14th largest holding. AlphaCore Capital LLC's holdings in Amazon.com were worth $14,669,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. GAMMA Investing LLC raised its stake 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 valued at $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Capital World Investors grew its stake in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Capital International Investors increased its holdings in shares of Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after buying an additional 12,000,745 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Amazon.com by 14.0% during the 4th 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Amazon.com by 21.3% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMZN. Oppenheimer reduced their price objective on Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Citigroup reissued an "overweight" rating on shares of Amazon.com in a research note on Wednesday, August 13th. Canaccord Genuity Group reissued a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Finally, Wall Street Zen raised Amazon.com from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Two 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 presently has an average rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Down 1.4%

AMZN stock traded down $3.35 during trading hours on Friday, hitting $232.33. The company's stock had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. The company has a market capitalization of $2.48 trillion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.30. The stock has a 50 day moving average price of $225.74 and a two-hundred day moving average price of $208.00. 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 12 month low of $161.38 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during 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%. Amazon.com's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

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.