Amazon.com, Inc. $AMZN Holdings Raised by Vestcor Inc

Key Points

• Vestcor Inc increased its holdings in Amazon.com, Inc. by 2.2%, now owning 269,151 shares valued at approximately $51.2 million, making it the fourth largest holding in its portfolio.
• Amazon's stock has received positive upgrades from multiple analysts, with a consensus buy rating and an average target price of $262.87 per share.
• Recently, CEO Douglas J. Herrington sold 6,835 shares of Amazon, reducing his ownership by 1.30%, while corporate insiders have sold a significant total of 25 million shares in the last three months.

Vestcor Inc lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 269,151 shares of the e-commerce giant's stock after acquiring an additional 5,879 shares during the period. Amazon.com makes up approximately 1.7% of Vestcor Inc's investment portfolio, making the stock its 4th largest holding. Vestcor Inc's holdings in Amazon.com were worth $51,209,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Talisman Wealth Advisors LLC grew its stake in shares of Amazon.com by 1.2% in the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock valued at $1,020,000 after purchasing an additional 53 shares during the last quarter. SWAN Capital LLC boosted its stake in shares of Amazon.com by 3.1% in the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after buying an additional 55 shares in the last quarter. Hamel Associates Inc. boosted its stake in shares of Amazon.com by 1.4% in the first quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant's stock valued at $780,000 after buying an additional 55 shares in the last quarter. Lokken Investment Group LLC boosted its stake in shares of Amazon.com by 1.5% in the fourth quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant's stock valued at $848,000 after buying an additional 56 shares in the last quarter. Finally, CWC Advisors LLC. boosted its stake in shares of Amazon.com by 3.1% in the fourth quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant's stock valued at $411,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research analyst reports. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price on the stock in a research report on Friday, June 27th. Rosenblatt Securities boosted their target price on Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Barclays boosted their target price on Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Scotiabank boosted their target price on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley reiterated an "overweight" rating and set a $300.00 target price on shares of Amazon.com in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of "Buy" and an average price target of $262.87.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $229.00 on Friday. The firm has a market capitalization of $2.44 trillion, a PE ratio of 34.91, a P/E/G ratio of 1.55 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The business has a 50-day moving average of $224.25 and a two-hundred day moving average of $208.10. 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 issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share 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 company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The company's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 6,835 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the sale, the chief executive officer directly owned 520,507 shares in the company, valued at approximately $115,354,761.34. This represents a 1.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,097,911 shares of company stock worth $5,675,986,299. Corporate insiders own 9.70% 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.

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