Amazon.com, Inc. $AMZN Holdings Raised by Iron Gate Global Advisors LLC

Key Points

• Iron Gate Global Advisors LLC has increased its position in Amazon.com, Inc. by 7.5% in the first quarter, making Amazon its second-largest holding, with a value of approximately $67.5 million.
• Amazon reported $1.68 EPS for the last quarter, surpassing analyst expectations, with revenue growing 13.3% year-over-year to $167.7 billion.
• Analysts maintain a strong positive outlook on Amazon, with the consensus rating of "Buy" and an average target price of $262.87.

Iron Gate Global Advisors LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 354,848 shares of the e-commerce giant's stock after acquiring an additional 24,613 shares during the period. Amazon.com makes up approximately 9.3% of Iron Gate Global Advisors LLC's holdings, making the stock its 2nd biggest position. Iron Gate Global Advisors LLC's holdings in Amazon.com were worth $67,513,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 1.1% during 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 buying an additional 8,913,959 shares during the period. Northern Trust Corp increased its position in Amazon.com by 0.3% during the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock valued at $18,527,354,000 after acquiring an additional 302,858 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Amazon.com by 14.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,975,984 shares of the e-commerce giant's stock valued at $14,474,471,000 after acquiring an additional 8,142,030 shares during the period. Nuveen LLC purchased a new position in Amazon.com in the first quarter worth about $11,674,091,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Amazon.com by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant's stock valued at $11,461,952,000 after purchasing an additional 605,415 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total value of $558,725.00. Following the transaction, the chief executive officer directly owned 518,007 shares in the company, valued at $115,769,384.43. This represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the transaction, the chief executive officer directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock worth $5,676,032,574 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMZN. Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Canaccord Genuity Group restated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Needham & Company LLC reiterated a "buy" rating and set a $265.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Finally, Truist Financial boosted their price target on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Two 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 data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $262.87.

Amazon.com Trading Up 1.4%

Shares of NASDAQ:AMZN traded up $3.28 during trading on Monday, reaching $231.43. The company's stock had a trading volume of 33,192,787 shares, compared to its average volume of 32,656,170. The stock has a market capitalization of $2.47 trillion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month 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 firm's 50 day simple moving average is $227.03 and its two-hundred day simple moving average is $208.71.

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

Amazon.com Company 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.