Amazon.com, Inc. $AMZN Shares Bought by Swiss National Bank

Key Points

• Swiss National Bank has increased its position in Amazon.com by 0.0% to 26,690,800 shares, making it the bank's 4th largest investment, valued at over $5 billion.
• Several institutional investors, including AlphaCore Capital and Mitsubishi UFJ Asset Management, have significantly raised their holdings in Amazon, indicating strong interest in the company's stock.
• Despite a downgrade from Zacks Research, Amazon maintains an average rating of Buy from analysts, with updated target prices suggesting a positive outlook for the stock.

Swiss National Bank lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,690,800 shares of the e-commerce giant's stock after purchasing an additional 6,100 shares during the quarter. Amazon.com comprises approximately 3.6% of Swiss National Bank's holdings, making the stock its 4th largest position. Swiss National Bank owned 0.25% of Amazon.com worth $5,078,192,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Western Wealth Management LLC raised its stake in shares of Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter valued at $514,000. Bearing Point Capital LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at $12,014,000. Evergreen Capital Management LLC boosted its position in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares during the last quarter. Finally, Keyvantage Wealth LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at $2,735,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Amazon.com stock traded down $3.35 during mid-day trading on Friday, hitting $232.33. The stock had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. The firm has a market capitalization of $2.48 trillion, a P/E ratio of 35.42, a P/E/G ratio of 1.56 and a beta of 1.30. 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 moving average is $225.74 and its 200 day moving average is $208.00. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate 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%. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMZN. Piper Sandler boosted their target price on shares of Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Truist Financial boosted their target price on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. Needham & Company LLC reiterated a "buy" rating and issued a $265.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $262.87.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. The trade was a 23.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $558,725.00. Following the sale, the chief executive officer owned 518,007 shares in the company, valued at $115,769,384.43. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is owned by insiders.

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.