Forbes J M & Co. LLP Purchases 4,422 Shares of Amazon.com, Inc. $AMZN

Key Points

• Forbes J M & Co. LLP increased its stake in Amazon.com, adding 4,422 shares, bringing its total to 187,255 shares, making it the firm's 5th largest holding.
• Insider Jeffrey P. Bezos sold 4.27 million shares of Amazon, valued at approximately $960 million, representing a 0.47% decrease in his ownership.
• Wall Street analysts have a consensus "Buy" rating on Amazon.com, with an average target price of $262.87, reflecting a positive outlook on the company’s future performance.

Forbes J M & Co. LLP boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 187,255 shares of the e-commerce giant's stock after purchasing an additional 4,422 shares during the quarter. Amazon.com comprises about 3.5% of Forbes J M & Co. LLP's investment portfolio, making the stock its 5th largest holding. Forbes J M & Co. LLP's holdings in Amazon.com were worth $35,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the fourth quarter worth about $35,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the first quarter worth about $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the first quarter worth about $40,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 25,012,284 shares of company stock worth $5,656,976,492 in the last 90 days. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN traded up $6.89 during mid-day trading on Friday, reaching $228.84. The company's stock had a trading volume of 37,264,095 shares, compared to its average volume of 46,830,960. The stock has a market cap of $2.44 trillion, a P/E ratio of 34.88, a PEG ratio of 1.49 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The business has a 50-day simple moving average of $222.30 and a two-hundred day simple moving average of $208.35.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its 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. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. HSBC increased their price target on Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Evercore ISI restated an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a report on Wednesday, August 13th. Robert W. Baird upped their price objective on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. DA Davidson upped their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Cowen reissued a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Two research 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $262.87.

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.