Lindbrook Capital LLC Acquires 2,340 Shares of Amazon.com, Inc. $AMZN

Lindbrook Capital LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,678 shares of the e-commerce giant's stock after buying an additional 2,340 shares during the quarter. Amazon.com comprises 1.5% of Lindbrook Capital LLC's portfolio, making the stock its 10th largest holding. Lindbrook Capital LLC's holdings in Amazon.com were worth $15,921,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Heritage Investors Management Corp grew its holdings in shares of Amazon.com by 0.9% during the first quarter. Heritage Investors Management Corp now owns 330,889 shares of the e-commerce giant's stock worth $62,955,000 after purchasing an additional 2,880 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Amazon.com by 3.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,721,811 shares of the e-commerce giant's stock worth $327,592,000 after buying an additional 54,426 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in Amazon.com by 74.5% in the first quarter. J.W. Cole Advisors Inc. now owns 350,911 shares of the e-commerce giant's stock worth $66,764,000 after buying an additional 149,841 shares in the last quarter. Eagle Bay Advisors LLC lifted its position in Amazon.com by 0.8% in the first quarter. Eagle Bay Advisors LLC now owns 9,394 shares of the e-commerce giant's stock valued at $1,787,000 after purchasing an additional 71 shares during the last quarter. Finally, Signet Investment Advisory Group Inc. lifted its position in Amazon.com by 0.9% in the first quarter. Signet Investment Advisory Group Inc. now owns 14,650 shares of the e-commerce giant's stock valued at $2,787,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMZN. Westpark Capital reiterated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Wells Fargo & Company upped their target price on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. HSBC upped their target price on Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Bank of America upped their target price on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an "outperform" rating in a report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $262.87.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction on 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 completion of the sale, the insider owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 4,784 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $232.32, for a total value of $1,111,418.88. Following the transaction, the chief executive officer owned 510,255 shares of the company's stock, valued at approximately $118,542,441.60. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,025,854 shares of company stock valued at $5,659,723,195. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of AMZN traded down $3.8790 during mid-day trading on Wednesday, reaching $224.1310. The company had a trading volume of 19,696,742 shares, compared to its average volume of 44,564,785. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. 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 capitalization of $2.39 trillion, a P/E ratio of 34.19, a PEG ratio of 1.56 and a beta of 1.31. The stock has a 50 day moving average of $221.91 and a two-hundred day moving average of $208.35.

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 firm had revenue of $167.70 billion for 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 company's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.