Amazon.com, Inc. $AMZN Holdings Increased by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd raised its holdings in Amazon.com, Inc. by 5.0% during Q2, owning approximately 1.83 million shares worth $402.3 million, making it the fund's 4th largest holding.
• A number of analysts have recently increased their target prices for Amazon, with Piper Sandler raising it from $250.00 to $255.00 and Truist Financial from $250.00 to $270.00, reflecting strong market confidence.
• Insider transactions saw significant stock sales, including 13,570 shares sold by SVP David Zapolsky and 2,500 shares by CEO Douglas J. Herrington, indicating a 23.53% and 0.48% decrease in their ownership respectively.

IFM Investors Pty Ltd raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,833,933 shares of the e-commerce giant's stock after purchasing an additional 86,792 shares during the period. Amazon.com makes up about 3.8% of IFM Investors Pty Ltd's investment portfolio, making the stock its 4th largest holding. IFM Investors Pty Ltd's holdings in Amazon.com were worth $402,347,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com in the 2nd quarter worth $27,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 1st quarter worth $36,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the 1st quarter worth $40,000. Capitol Family Office Inc. purchased a new position in shares of Amazon.com in the 1st quarter worth $42,000. Finally, Ryan Investment Management Inc. purchased a new position in shares of Amazon.com in the 2nd quarter worth $48,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Piper Sandler raised their target price on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Citizens Jmp assumed coverage on Amazon.com in a report on Thursday, July 10th. They issued a "strong-buy" rating on the stock. Truist Financial raised their target price on Amazon.com from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. HSBC raised their target price on Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $264.04.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares of the company's stock, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total value of $558,725.00. Following the completion of the sale, the chief executive officer directly owned 518,007 shares in the company, valued at $115,769,384.43. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,997,911 shares of company stock valued at $4,989,630,574. 9.70% of the stock is owned by insiders.

Amazon.com Trading Up 0.7%

Shares of AMZN stock opened at $219.78 on Friday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month 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 stock's 50-day moving average price is $227.44 and its 200-day moving average price is $210.16. The stock has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 33.50, a price-to-earnings-growth ratio of 1.46 and a beta of 1.30.

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

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