Davis Rea LTD. Boosts Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Davis Rea LTD. increased its Amazon holdings by 53.1% in the first quarter, acquiring an additional 40,279 shares, making Amazon the firm's 4th largest position at a value of $22,086,000.
• Insider Jeffrey P. Bezos sold over 4.2 million shares of Amazon, totaling nearly $961 million, reducing his ownership by 0.47% but still holding over 897 million shares.
• Several analysts have reaffirmed a buy rating on Amazon with price targets ranging from $235 to $300, indicating a strong consensus among investment professionals for potential growth.

Davis Rea LTD. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 53.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,085 shares of the e-commerce giant's stock after purchasing an additional 40,279 shares during the period. Amazon.com comprises approximately 5.9% of Davis Rea LTD.'s portfolio, making the stock its 4th biggest holding. Davis Rea LTD.'s holdings in Amazon.com were worth $22,086,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the 4th quarter worth about $27,000. LSV Asset Management purchased a new position in Amazon.com during the 4th quarter valued at about $35,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the first quarter valued at about $40,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 3.1%

Shares of AMZN traded up $6.89 during mid-day trading on Friday, reaching $228.84. The company's stock had a trading volume of 37,264,095 shares, compared to its average volume of 46,830,960. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The stock has a market cap of $2.44 trillion, a PE ratio of 34.88, a P/E/G ratio of 1.54 and a beta of 1.31. The company's fifty day moving average price is $222.63 and its two-hundred day moving average price is $208.07. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results 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 company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. DA Davidson boosted their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, August 1st. UBS Group reissued a "buy" rating and issued a $271.00 price target (up from $249.00) on shares of Amazon.com in a report on Monday, July 28th. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Royal Bank Of Canada lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Telsey Advisory Group restated an "outperform" rating and set a $265.00 target price on shares of Amazon.com in a research report on Wednesday, August 13th. Two 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. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $262.87.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 4,784 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 510,255 shares of the company's stock, valued at $118,542,441.60. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,012,284 shares of company stock valued at $5,656,976,492 over the last quarter. 9.70% of the stock is currently owned by company insiders.

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.