Davis Rea LTD. Buys 40,279 Shares of 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. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 53.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 116,085 shares of the e-commerce giant's stock after purchasing an additional 40,279 shares during the period. Amazon.com comprises 5.9% of Davis Rea LTD.'s holdings, making the stock its 4th biggest position. Davis Rea LTD.'s holdings in Amazon.com were worth $22,086,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AMZN. Norges Bank purchased a new stake in shares of Amazon.com in the 4th quarter worth approximately $27,266,582,000. GAMMA Investing LLC lifted its position in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Capital World Investors lifted its position in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Capital International Investors lifted its position in shares of Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Amazon.com by 14.0% in the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after purchasing an additional 11,926,749 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 0.2%

Shares of NASDAQ AMZN traded up $0.41 during trading hours on Wednesday, hitting $229.12. 21,212,142 shares of the stock were exchanged, compared to its average volume of 46,697,256. 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 company has a market cap of $2.44 trillion, a PE ratio of 34.93, a PEG ratio of 1.53 and a beta of 1.31. The firm has a fifty day moving average price of $223.48 and a 200-day moving average price of $208.13. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the business posted $1.26 EPS. Amazon.com's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 25,097,911 shares of company stock worth $5,675,986,299. Corporate insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMZN shares. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. UBS Group reaffirmed a "buy" rating and issued a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Wells Fargo & Company upped their price target on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Cowen reiterated a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Finally, Piper Sandler boosted their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Buy" and an average target price of $262.87.

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.