Amazon.com, Inc. $AMZN Position Boosted by Breakwater Investment Management

Key Points

• Breakwater Investment Management increased its stake in Amazon.com, Inc. by 264.3% during Q2, acquiring a total of 21,178 shares valued at $4.65 million.
• Insider Jeffrey P. Bezos sold 4.27 million shares of Amazon stock for approximately $960.67 million, reducing his stake by 0.47% but maintaining ownership of 897.72 million shares valued over $201 billion.
• Analysts have a consensus "Buy" rating for Amazon shares, with price targets ranging from $245 to $275, reflecting optimism despite a recent 3% drop in stock value.

Breakwater Investment Management raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 264.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,178 shares of the e-commerce giant's stock after acquiring an additional 15,364 shares during the quarter. Amazon.com makes up 1.8% of Breakwater Investment Management's investment portfolio, making the stock its 16th largest holding. Breakwater Investment Management's holdings in Amazon.com were worth $4,646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com during the 4th quarter valued at about $25,000. Cooksen Wealth LLC purchased a new position in Amazon.com during the 1st quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $40,000. Capitol Family Office Inc. bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $42,000. Finally, Harbor Investment Advisory LLC grew its stake in shares of Amazon.com by 0.7% in the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock valued at $58,000 after buying an additional 2,145 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other 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 directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 in the last three months. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMZN shares. Wedbush reissued an "outperform" rating and issued a $250.00 price target on shares of Amazon.com in a research note on Friday, September 19th. Citizens Jmp started coverage on Amazon.com in a research note on Thursday, July 10th. They issued a "strong-buy" rating for the company. Monness Crespi & Hardt boosted their price target on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Oppenheimer lowered their price target on Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Finally, UBS Group restated a "buy" rating and issued a $271.00 target price (up from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Two investment 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $263.30.

Amazon.com Stock Down 3.0%

Shares of AMZN stock opened at $220.71 on Wednesday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm has a market cap of $2.35 trillion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 1.52 and a beta of 1.30. The stock has a 50 day moving average of $227.74 and a 200-day moving average of $209.76. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

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

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.

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