Elefante Mark B Increases Position in Amazon.com, Inc. $AMZN

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 increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 about 3.5% of Elefante Mark B's holdings, making the stock its 10th biggest position. Elefante Mark B's holdings in Amazon.com were worth $4,450,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Talisman Wealth Advisors LLC lifted its stake in shares of Amazon.com by 1.2% during the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock worth $1,020,000 after purchasing an additional 53 shares during the period. SWAN Capital LLC grew its position in shares of Amazon.com by 3.1% in the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after purchasing an additional 55 shares during the period. Hamel Associates Inc. increased its stake in Amazon.com by 1.4% in the first quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant's stock valued at $780,000 after purchasing an additional 55 shares during the last quarter. Lokken Investment Group LLC lifted its position in Amazon.com by 1.5% during the fourth quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant's stock worth $848,000 after buying an additional 56 shares during the period. Finally, CWC Advisors LLC. grew its holdings in Amazon.com by 3.1% in the 4th quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant's stock valued at $411,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,784 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $232.32, for a total value of $1,111,418.88. Following the completion of the transaction, the chief executive officer owned 510,255 shares in the company, valued at approximately $118,542,441.60. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,012,284 shares of company stock worth $5,656,976,492. Corporate insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price target on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price on the stock in a research note on Friday, June 27th. BMO Capital Markets upped their target price on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Finally, Susquehanna upped their target price on shares of Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research note 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. Based on data from MarketBeat, Amazon.com presently has an average rating of "Buy" and a consensus target price of $262.87.

Amazon.com Stock Performance

Shares of Amazon.com stock traded up $6.89 on Friday, reaching $228.84. 37,264,095 shares of the company were exchanged, compared to its average volume of 46,830,960. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The firm has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 1.54 and a beta of 1.31. 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's 50-day moving average is $222.63 and its two-hundred day moving average is $208.07.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $167.70 billion during 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 revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts expect 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.