Maxi Investments CY Ltd increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 34.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 187,382 shares of the e-commerce giant's stock after purchasing an additional 48,328 shares during the period. Amazon.com makes up 7.1% of Maxi Investments CY Ltd's holdings, making the stock its 2nd largest position. Maxi Investments CY Ltd's holdings in Amazon.com were worth $35,651,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the 1st quarter worth about $36,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the 1st quarter worth about $40,000. Capitol Family Office Inc. acquired a new position in shares of Amazon.com during the 1st quarter worth about $42,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Amazon.com during the 1st quarter worth about $59,000. Finally, von Borstel & Associates Inc. acquired a new position in shares of Amazon.com during the 1st quarter worth about $66,000. 72.20% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AMZN has been the subject of several recent analyst reports. Royal Bank Of Canada raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Wells Fargo & Company raised their target price on shares of Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Bank of America raised their target price on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday, August 1st. JMP Securities restated a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Finally, Morgan Stanley restated an "overweight" rating and set a $300.00 price objective on shares of Amazon.com in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and a consensus price target of $262.87.
Get Our Latest Stock Analysis on Amazon.com
Insider Transactions at Amazon.com
In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred 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 transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last quarter. Company insiders own 9.70% of the company's stock.
Amazon.com Price Performance
NASDAQ:AMZN traded down $3.35 during mid-day trading on Friday, reaching $232.33. The stock had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. The stock has a 50-day simple moving average of $225.74 and a two-hundred day simple moving average of $208.13. The stock has a market capitalization of $2.48 trillion, a PE ratio of 35.42, a P/E/G ratio of 1.58 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. 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 announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for 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%. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
About Amazon.com
(
Free Report)
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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