Elm3 Financial Group LLC Purchases 18,976 Shares of Amazon.com, Inc. $AMZN

Key Points

• Elm3 Financial Group LLC increased its stake in Amazon.com, Inc. by 91.2% in the first quarter, making Amazon its second largest holding at 6.7% of the firm's total investments.
• Several hedge funds have recently acquired new stakes in Amazon, indicating strong institutional interest in the company, which now has 72.20% of its stock owned by institutional investors.
• Analysts are optimistic about Amazon's performance, with the average rating of "Buy" and a consensus price target of $262.87, reflecting a positive outlook on its earnings and revenue growth.

Elm3 Financial Group LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 91.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 39,775 shares of the e-commerce giant's stock after buying an additional 18,976 shares during the quarter. Amazon.com comprises about 6.7% of Elm3 Financial Group LLC's portfolio, making the stock its 2nd largest holding. Elm3 Financial Group LLC's holdings in Amazon.com were worth $7,568,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. AE Wealth Management LLC lifted its stake in shares of Amazon.com by 4.7% during the 1st quarter. AE Wealth Management LLC now owns 1,026,775 shares of the e-commerce giant's stock worth $195,354,000 after buying an additional 46,118 shares during the last quarter. Hendershot Investments Inc. raised its stake in Amazon.com by 2.6% in the 1st quarter. Hendershot Investments Inc. now owns 71,830 shares of the e-commerce giant's stock worth $13,666,000 after purchasing an additional 1,799 shares in the last quarter. Blume Capital Management Inc. raised its stake in Amazon.com by 1.1% in the 1st quarter. Blume Capital Management Inc. now owns 48,351 shares of the e-commerce giant's stock worth $9,199,000 after purchasing an additional 531 shares in the last quarter. Abel Hall LLC raised its stake in Amazon.com by 15.2% in the 1st quarter. Abel Hall LLC now owns 11,877 shares of the e-commerce giant's stock worth $2,260,000 after purchasing an additional 1,568 shares in the last quarter. Finally, Goepper Burkhardt LLC raised its stake in Amazon.com by 6.9% in the 1st quarter. Goepper Burkhardt LLC now owns 5,197 shares of the e-commerce giant's stock worth $989,000 after purchasing an additional 336 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Down 0.1%

AMZN traded down $0.2130 during trading on Monday, reaching $228.6270. 12,699,290 shares of the company's stock were exchanged, compared to its average volume of 44,351,199. Amazon.com, Inc. has a one year low of $161.38 and a one year 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 has a market capitalization of $2.44 trillion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. The firm has a fifty day moving average price of $222.63 and a two-hundred day moving average price of $207.85.

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JMP Securities reiterated a "market outperform" rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Morgan Stanley reiterated an "overweight" rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Thursday, August 14th. Cowen reiterated a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Barclays lifted their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Tigress Financial lifted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $262.87.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction on Thursday, July 24th. The shares were 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 approximately $203,649,402,587.43. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 4,784 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $232.32, for a total transaction 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 approximately $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. Over the last ninety days, insiders sold 25,012,284 shares of company stock worth $5,656,976,492. Insiders own 10.80% of the company's stock.

Amazon.com Profile

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.