Amazon.com, Inc. $AMZN Shares Acquired by Costello Asset Management INC

Key Points

• Costello Asset Management INC increased its holdings in Amazon.com, Inc. by 188.1% during the first quarter, now owning a total of 114,054 shares valued at approximately $21.7 million.
• Insider Jeffrey P. Bezos sold over 4.2 million shares of Amazon, totaling nearly $960.7 million, marking a 0.47% decrease in his ownership.
• Amazon reported earnings of $1.68 per share for the last quarter, surpassing expectations and generating revenue of $167.7 billion, a 13.3% year-over-year increase.

Costello Asset Management INC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 188.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,054 shares of the e-commerce giant's stock after acquiring an additional 74,471 shares during the quarter. Amazon.com accounts for approximately 8.8% of Costello Asset Management INC's investment portfolio, making the stock its 2nd largest position. Costello Asset Management INC's holdings in Amazon.com were worth $21,700,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AMZN. Encompass More Asset Management increased its holdings in Amazon.com by 0.7% in the 1st quarter. Encompass More Asset Management now owns 12,249 shares of the e-commerce giant's stock worth $2,330,000 after purchasing an additional 87 shares in the last quarter. Horizon Family Wealth Inc. increased its stake in shares of Amazon.com by 6.6% in the first quarter. Horizon Family Wealth Inc. now owns 5,011 shares of the e-commerce giant's stock valued at $953,000 after buying an additional 309 shares during the period. Advyzon Investment Management LLC increased its stake in shares of Amazon.com by 42.6% in the first quarter. Advyzon Investment Management LLC now owns 15,825 shares of the e-commerce giant's stock valued at $3,011,000 after buying an additional 4,730 shares during the period. New Age Alpha Advisors LLC increased its stake in shares of Amazon.com by 35.5% in the first quarter. New Age Alpha Advisors LLC now owns 303,643 shares of the e-commerce giant's stock valued at $57,771,000 after buying an additional 79,586 shares during the period. Finally, Thoroughbred Financial Services LLC increased its stake in shares of Amazon.com by 1.2% in the first quarter. Thoroughbred Financial Services LLC now owns 203,935 shares of the e-commerce giant's stock valued at $38,800,000 after buying an additional 2,443 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a "buy" rating in a research note on Tuesday, July 8th. Telsey Advisory Group reissued an "outperform" rating and set a $265.00 target price on shares of Amazon.com in a research report on Wednesday, August 13th. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. DA Davidson increased their target price on shares of Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Susquehanna increased their target price on shares of Amazon.com from $225.00 to $260.00 and gave the company 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 given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $262.87.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction 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 transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of AMZN opened at $235.68 on Friday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The business's fifty day moving average is $225.56 and its 200 day moving average is $208.09. 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 stock has a market cap of $2.51 trillion, a P/E ratio of 35.93, a P/E/G ratio of 1.52 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating 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 business had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same period last year, the business earned $1.26 EPS. The business's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.