Amazon.com, Inc. $AMZN Shares Bought by OneAscent Financial Services LLC

OneAscent Financial Services LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 131.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,738 shares of the e-commerce giant's stock after purchasing an additional 36,803 shares during the quarter. Amazon.com comprises 0.8% of OneAscent Financial Services LLC's holdings, making the stock its 25th largest position. OneAscent Financial Services LLC's holdings in Amazon.com were worth $12,360,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the fourth quarter worth about $35,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the first quarter worth about $36,000. Finally, Inlight Wealth Management LLC purchased a new position in Amazon.com during the first quarter valued at approximately $40,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Scotiabank lifted their price target on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price target on Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Pivotal Research lifted their price target on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 1st. DA Davidson lifted their price target on Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, HSBC lifted their price target on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $262.87.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded down $3.7930 during trading on Wednesday, reaching $224.2170. The stock had a trading volume of 19,696,742 shares, compared to its average volume of 44,564,785. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The business has a fifty day moving average price of $221.91 and a 200-day moving average price of $208.35. The stock has a market cap of $2.39 trillion, a PE ratio of 34.19, a PEG ratio of 1.56 and a beta of 1.31. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly 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. The firm 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 business's revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. 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 fiscal year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 4,784 shares of Amazon.com stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $232.32, for a total value of $1,111,418.88. Following the completion of the sale, the chief executive officer directly owned 510,255 shares in the company, valued at $118,542,441.60. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,025,854 shares of company stock worth $5,659,723,195 over the last ninety days. Corporate insiders own 10.80% of the company's stock.

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.