Exchange Traded Concepts LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 731,639 shares of the e-commerce giant's stock after purchasing an additional 61,491 shares during the quarter. Amazon.com accounts for approximately 2.0% of Exchange Traded Concepts LLC's portfolio, making the stock its 6th largest position. Exchange Traded Concepts LLC's holdings in Amazon.com were worth $160,514,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. Cooksen Wealth LLC purchased a new stake in Amazon.com in the first quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the first quarter worth approximately $40,000. Capitol Family Office Inc. purchased a new stake in Amazon.com in the first quarter worth approximately $42,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Amazon.com in the first quarter worth approximately $59,000. Finally, von Borstel & Associates Inc. purchased a new stake in Amazon.com in the first quarter worth approximately $66,000. Hedge funds and other institutional investors own 72.20% of the company's stock.
Amazon.com Price Performance
Shares of Amazon.com stock opened at $218.15 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.33 trillion, a PE ratio of 33.25, a P/E/G ratio of 1.47 and a beta of 1.30. The business has a 50 day moving average of $227.57 and a 200 day moving average of $210.00. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. 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 year.
Analyst Upgrades and Downgrades
AMZN has been the subject of several research reports. BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a research note on Friday, June 27th. Moffett Nathanson increased their price objective on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Truist Financial increased their price objective on Amazon.com from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Stifel Nicolaus increased their price objective on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, Scotiabank increased their price objective on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $264.04.
Check Out Our Latest Research Report on AMZN
Insider Activity at Amazon.com
In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 21,997,911 shares of company stock worth $4,989,630,574 in the last ninety days. 9.70% of the stock is owned by corporate insiders.
About Amazon.com
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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.
Further Reading
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).
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