Abundance Wealth Counselors increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 81.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,942 shares of the e-commerce giant's stock after purchasing an additional 24,282 shares during the period. Amazon.com accounts for approximately 1.3% of Abundance Wealth Counselors' investment portfolio, making the stock its 8th biggest position. Abundance Wealth Counselors' holdings in Amazon.com were worth $12,857,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Vanguard Group Inc. grew its position in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares in the last quarter. State Street Corp lifted its position in shares of Amazon.com by 1.8% during the fourth quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant's stock worth $89,708,913,000 after purchasing an additional 6,971,680 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Amazon.com by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant's stock valued at $51,753,622,000 after purchasing an additional 2,479,324 shares during the period. Norges Bank purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $32,868,735,000. Finally, Auto Owners Insurance Co grew its holdings in shares of Amazon.com by 27,376.7% in the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock valued at $2,272,397,000 after purchasing an additional 98,090,585 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Stock Up 0.0%
AMZN opened at $254.98 on Thursday. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The stock has a market capitalization of $2.75 trillion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 1.97 and a beta of 1.44. The business's 50-day simple moving average is $252.99 and its 200-day simple moving average is $241.79.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.68 EPS. Analysts anticipate that Amazon.com, Inc. will post 8.05 EPS for the current year.
Insider Activity
In other news, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the transaction, the chief executive officer owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $606,860.43. Following the completion of the transaction, the vice president directly owned 119,780 shares in the company, valued at $31,024,217.80. This represents a 1.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 70,589 shares of company stock worth $18,314,015 over the last quarter. 8.90% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. BMO Capital Markets reiterated an "outperform" rating and set a $360.00 target price (up from $355.00) on shares of Amazon.com in a report on Tuesday, July 28th. Mizuho set a $330.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Friday, July 31st. Truist Financial upped their price objective on Amazon.com from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Raymond James Financial reiterated an "outperform" rating and issued a $390.00 price objective (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Needham & Company LLC reissued a "buy" rating and set a $300.00 target price on shares of Amazon.com in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $323.09.
Read Our Latest Research Report on AMZN
Trending Headlines about Amazon.com
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Institutional investors are signaling confidence in Amazon’s AI infrastructure opportunity. Stanley Druckenmiller increased Duquesne’s AMZN position more than tenfold, while Philippe Laffont’s Coatue expanded its stake 49%, reinforcing the thesis that AWS will benefit from sustained AI-computing demand. Stanley Druckenmiller Increased Amazon More Than 10-Fold and Opened an AMD Position
- Positive Sentiment: AWS growth, accelerating e-commerce revenue and expanding AI infrastructure investment remain key bullish factors. Analysts continue to see substantial upside, including a reiterated $350 price target, although Amazon’s heavy capital expenditures could pressure near-term cash returns. Amazon Retains Top Pick Status
- Positive Sentiment: Amazon’s new YouTube Shopping partnership allows creators to tag products and earn affiliate commissions, potentially expanding social-commerce traffic and advertising opportunities. Zoox’s expansion into additional U.S. markets also adds a longer-term mobility growth option. How Could Amazon Gain From New Creator Shopping Tools?
- Neutral Sentiment: The Justice Department requested beef-pricing data from Amazon and other major retailers as part of an investigation into meat-industry pricing. Amazon is not accused of wrongdoing in the reports, but the inquiry adds regulatory visibility. DOJ Expands Beef Price Investigation
- Negative Sentiment: The FTC and 22 states allege Amazon manipulated advertising auctions and overcharged roughly 1.2 million advertisers by more than $20 billion. Potential penalties, pricing changes and pressure on the high-margin advertising business are the most immediate downside risks. FTC Sues Amazon, Alleging It Overcharged Advertisers
- Negative Sentiment: Amazon is facing additional workforce friction, including planned corporate job cuts and a one-day Teamsters strike at its large Riverside warehouse. These developments could increase reputational, labor and operating-cost concerns.
About Amazon.com
(
Free Report)
Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.
Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.
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