Alyeska Investment Group L.P. Has $601.96 Million Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Alyeska Investment Group L.P. significantly increased its stake in Amazon.com, acquiring an additional 2,596,566 shares, raising its total holdings by 457.7% during the first quarter.
• Analysts have issued positive ratings for Amazon, with multiple firms raising their price targets, culminating in a consensus rating of "Buy" and an average target price of $262.87.
• Amazon.com reported quarterly earnings that surpassed expectations, achieving an EPS of $1.68 and revenue of $167.70 billion, reflecting a 13.3% year-over-year increase.

Alyeska Investment Group L.P. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 457.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,163,853 shares of the e-commerce giant's stock after buying an additional 2,596,566 shares during the period. Amazon.com comprises about 2.4% of Alyeska Investment Group L.P.'s holdings, making the stock its 2nd largest position. Alyeska Investment Group L.P.'s holdings in Amazon.com were worth $601,955,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Western Wealth Management LLC boosted its position in Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Amazon.com in the 1st quarter worth about $514,000. Bearing Point Capital LLC bought a new stake in shares of Amazon.com during the 4th quarter worth $12,014,000. Keyvantage Wealth LLC purchased a new stake in Amazon.com in the 4th quarter worth about $2,735,000. Finally, Colonial Trust Co SC lifted its stake in Amazon.com by 5.9% in the fourth quarter. Colonial Trust Co SC now owns 61,074 shares of the e-commerce giant's stock valued at $13,399,000 after acquiring an additional 3,413 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Westpark Capital reissued a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Roth Capital set a $250.00 target price on Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. Rosenblatt Securities upped their target price on Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Oppenheimer reduced their price target on Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $262.87.

Amazon.com Stock Performance

AMZN stock traded down $1.80 during mid-day trading on Friday, hitting $228.15. The company had a trading volume of 38,434,486 shares, 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 stock's fifty day moving average price is $226.87 and its two-hundred day moving average price is $208.62. The firm has a market cap of $2.43 trillion, a PE 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results 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. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the business posted $1.26 earnings per share. The business's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 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.

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.