North Star Asset Management Inc. Acquires 2,642 Shares of Amazon.com, Inc. $AMZN

Key Points

• North Star Asset Management Inc. increased its stake in Amazon.com, Inc. by 1.2% in the first quarter, making Amazon its 9th largest holding, valued at approximately $40.97 million.
• Several institutional investors have recently bought new stakes in Amazon, contributing to a total of 72.20% of the company's stock being owned by hedge funds and other institutional investors.
• Amazon reported quarterly earnings of $1.68 per share, surpassing analysts' expectations, with a revenue of $167.70 billion, marking a 13.3% increase year-over-year.

North Star Asset Management Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,317 shares of the e-commerce giant's stock after acquiring an additional 2,642 shares during the quarter. Amazon.com makes up 1.9% of North Star Asset Management Inc.'s investment portfolio, making the stock its 9th largest holding. North Star Asset Management Inc.'s holdings in Amazon.com were worth $40,966,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE increased its stake in shares of Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC bought a new stake in Amazon.com in the 4th quarter valued at about $2,153,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.1%

NASDAQ AMZN traded down $2.60 on Friday, reaching $229.00. 26,167,914 shares of the stock traded hands, compared to its average volume of 37,773,448. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.91, a PEG ratio of 1.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a fifty day moving average price of $224.25 and a 200-day moving average price of $207.95.

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 (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 net margin of 10.54% and a return on equity of 23.84%. The firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com 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 transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold 25,097,911 shares of company stock worth $5,675,986,299 over the last three months. Insiders own 10.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Stifel Nicolaus increased their price target on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Telsey Advisory Group reissued an "outperform" rating and set a $265.00 target price on shares of Amazon.com in a research note on Wednesday, August 13th. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Bank of America upped their price objective on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $262.87.

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.