IPG Investment Advisors LLC Has $14.93 Million Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• IPG Investment Advisors LLC increased its holdings in Amazon.com, Inc. ($AMZN) by 16.0% in the first quarter, owning 78,470 shares worth approximately $14.93 million.
• Insider sales included VP Shelley Reynolds selling 2,715 shares for about $601,752, while CEO Douglas J. Herrington sold 2,500 shares for around $558,725.
• Analysts have raised price targets for Amazon, with Barclays increasing its target to $275.00 and UBS raising it to $271.00, among others.

IPG Investment Advisors LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,470 shares of the e-commerce giant's stock after buying an additional 10,837 shares during the quarter. Amazon.com comprises approximately 3.4% of IPG Investment Advisors LLC's portfolio, making the stock its 8th biggest position. IPG Investment Advisors LLC's holdings in Amazon.com were worth $14,930,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Amazon.com by 78.6% in the 1st quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 14,274 shares of the e-commerce giant's stock worth $2,716,000 after purchasing an additional 6,282 shares during the last quarter. Tiller Private Wealth Inc. raised its position in shares of Amazon.com by 11.0% in the 1st quarter. Tiller Private Wealth Inc. now owns 11,012 shares of the e-commerce giant's stock worth $2,095,000 after purchasing an additional 1,093 shares during the last quarter. Probity Advisors Inc. raised its position in shares of Amazon.com by 3.1% in the 1st quarter. Probity Advisors Inc. now owns 12,112 shares of the e-commerce giant's stock worth $2,304,000 after purchasing an additional 367 shares during the last quarter. Empire Life Investments Inc. raised its position in shares of Amazon.com by 5.8% in the 1st quarter. Empire Life Investments Inc. now owns 367,013 shares of the e-commerce giant's stock worth $69,828,000 after purchasing an additional 20,089 shares during the last quarter. Finally, ING Groep NV raised its position in shares of Amazon.com by 80.8% in the 1st quarter. ING Groep NV now owns 1,529,631 shares of the e-commerce giant's stock worth $291,028,000 after purchasing an additional 683,468 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity

In other news, VP Shelley Reynolds sold 2,715 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares of the company's stock, valued at $26,548,039.20. This represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 directly owned 518,007 shares of the company's stock, valued at $115,769,384.43. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. Company insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. Barclays lifted their price target on Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. 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 report on Friday, August 1st. UBS Group reissued a "buy" rating and issued a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Finally, Susquehanna boosted their target price on Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Two equities research 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 stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $3.35 during trading hours on Friday, reaching $232.33. 36,684,807 shares of the stock traded hands, compared to its average volume of 32,905,296. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The firm has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 35.42, a P/E/G ratio of 1.58 and a beta of 1.30. 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 50 day moving average price of $225.74 and a 200 day moving average price of $208.13.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating 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 firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.