LGT Group Foundation Purchases 358,222 Shares of Amazon.com, Inc. $AMZN

Key Points

• LGT Group Foundation increased its holdings in Amazon by 21.5% during the first quarter, owning over 2 million shares valued at approximately $385.6 million.
• Multiple major investors, including Nuveen LLC and Capital World Investors, also significantly boosted their positions in Amazon, contributing to institutional investors owning 72.20% of the stock.
• Amazon reported a net margin of 10.54% and a revenue of $167.70 billion for the last quarter, exceeding analysts' estimates and demonstrating a year-over-year revenue growth of 13.3%.

LGT Group Foundation grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,026,742 shares of the e-commerce giant's stock after acquiring an additional 358,222 shares during the period. Amazon.com comprises approximately 5.3% of LGT Group Foundation's portfolio, making the stock its 3rd largest position. LGT Group Foundation's holdings in Amazon.com were worth $385,608,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth $25,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the first quarter worth $36,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the first quarter worth $40,000. Capitol Family Office Inc. acquired a new position in shares of Amazon.com during the first quarter worth $42,000. Finally, Harbor Investment Advisory LLC grew its stake in shares of Amazon.com by 0.7% during the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after purchasing an additional 2,145 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company's stock, valued at approximately $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $7.91 on Wednesday, reaching $230.33. The company's stock had a trading volume of 60,798,520 shares, compared to its average volume of 32,696,864. The stock's 50-day moving average is $226.43 and its two-hundred day moving average is $208.24. 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 current ratio of 1.02 and a quick ratio of 0.81. The stock has a market capitalization of $2.46 trillion, a P/E ratio of 35.11, a PEG ratio of 1.60 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The business's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AMZN shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Citigroup reiterated an "overweight" rating on shares of Amazon.com in a research note on Wednesday, August 13th. Zacks Research downgraded shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Monness Crespi & Hardt boosted their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Scotiabank boosted their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, July 22nd. Two investment 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 data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $262.87.

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.