Amazon.com, Inc. $AMZN Shares Bought by Elefante Mark B

Key Points

• Elefante Mark B increased its stake in Amazon.com, Inc. by 17.9% in the first quarter, owning 23,390 shares worth approximately $4.45 million.
• Amazon reported $1.68 earnings per share for the last quarter, surpassing estimates, with a revenue of $167.70 billion, marking a 13.3% year-over-year increase.
• Wall Street analysts maintain a favorable outlook on Amazon with a consensus rating of "Buy" and an average price target of $262.87.

Elefante Mark B lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,390 shares of the e-commerce giant's stock after acquiring an additional 3,550 shares during the quarter. Amazon.com makes up approximately 3.5% of Elefante Mark B's portfolio, making the stock its 10th biggest position. Elefante Mark B's holdings in Amazon.com were worth $4,450,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter valued at $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com during the 4th quarter valued at $35,000. Perritt Capital Management Inc raised its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Cooksen Wealth LLC bought a new position in Amazon.com during the 1st quarter worth $36,000. Finally, Inlight Wealth Management LLC bought a new position in Amazon.com during the 1st quarter worth $40,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Up 0.2%

Shares of AMZN stock traded up $0.41 during mid-day trading on Wednesday, hitting $229.12. The company's stock had a trading volume of 21,212,142 shares, compared to its average volume of 46,697,256. The company's fifty day simple moving average is $223.48 and its 200-day simple moving average is $208.13. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. 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 market cap of $2.44 trillion, a PE ratio of 34.93, a P/E/G ratio of 1.53 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the company posted $1.26 EPS. The business's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on AMZN shares. Tigress Financial raised their target price on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Robert W. Baird raised their target price on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. DA Davidson raised their target price on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, Monness Crespi & Hardt raised their target price on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" 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 issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $262.87.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 25,097,911 shares of company stock valued at $5,675,986,299. Company insiders own 9.70% of the company's stock.

Amazon.com Company 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.