Kera Capital Partners Inc. Boosts Stake in Amazon.com, Inc. $AMZN

Key Points

• Kera Capital Partners Inc. increased its stake in Amazon.com by 23.0% during the 2nd quarter, owning nearly 39,000 shares valued at around $8.55 million.
• Multiple analysts have raised their price targets for Amazon.com, with HSBC setting a target at $256 and Barclays at $275, suggesting a strong buy sentiment.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon, amounting to nearly $961 million, continuing the trend of significant insider selling.

Kera Capital Partners Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 23.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,973 shares of the e-commerce giant's stock after buying an additional 7,275 shares during the quarter. Amazon.com comprises about 1.7% of Kera Capital Partners Inc.'s holdings, making the stock its 10th largest position. Kera Capital Partners Inc.'s holdings in Amazon.com were worth $8,550,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Private Client Services LLC grew its position in Amazon.com by 35.9% during the second quarter. Private Client Services LLC now owns 12,674 shares of the e-commerce giant's stock worth $2,781,000 after buying an additional 3,349 shares in the last quarter. Rowlandmiller & PARTNERS.ADV grew its position in Amazon.com by 5.5% during the second quarter. Rowlandmiller & PARTNERS.ADV now owns 10,627 shares of the e-commerce giant's stock worth $2,331,000 after buying an additional 550 shares in the last quarter. Cullen Investment Group LTD. grew its position in Amazon.com by 1.6% during the second quarter. Cullen Investment Group LTD. now owns 57,202 shares of the e-commerce giant's stock worth $12,550,000 after buying an additional 881 shares in the last quarter. AdviceOne Advisory Services LLC grew its position in Amazon.com by 6.9% during the first quarter. AdviceOne Advisory Services LLC now owns 1,094 shares of the e-commerce giant's stock worth $208,000 after buying an additional 71 shares in the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs purchased a new position in Amazon.com during the first quarter worth about $77,161,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer directly owned 49,000 shares of the company's stock, valued at $10,914,260. This represents a 26.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. Insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AMZN shares. Pivotal Research boosted their target price on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Susquehanna upped their price objective on Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Moffett Nathanson upped their price objective on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. DA Davidson upped their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Westpark Capital reiterated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. 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. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $263.30.

Amazon.com Trading Up 0.1%

AMZN traded up $0.25 during midday trading on Friday, reaching $231.48. 97,793,456 shares of the company's stock traded hands, compared to its average volume of 34,071,644. The firm has a fifty day moving average of $227.81 and a two-hundred day moving average of $209.42. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 1.54 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.