Pasadena Private Wealth LLC Buys 5,640 Shares of Amazon.com, Inc. $AMZN

Key Points

• Pasadena Private Wealth LLC increased its holdings in Amazon.com, raising its stake by 63.5% during the first quarter, owning a total of 14,521 shares valued at approximately $2.76 million.
• Analysts have generally positive views on Amazon, with recent price targets raised, including Deutsche Bank's increase from $230.00 to $266.00 and a consensus target price of $262.87.
• Insider trading activity includes VP Shelley Reynolds and CEO Douglas J. Herrington selling shares, with insiders collectively selling over 25 million shares worth nearly $5.68 billion in the last 90 days.

Pasadena Private Wealth LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 63.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,521 shares of the e-commerce giant's stock after purchasing an additional 5,640 shares during the quarter. Pasadena Private Wealth LLC's holdings in Amazon.com were worth $2,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Coastal Bridge Advisors LLC lifted its holdings in shares of Amazon.com by 1.2% during the first quarter. Coastal Bridge Advisors LLC now owns 25,286 shares of the e-commerce giant's stock valued at $4,811,000 after purchasing an additional 300 shares in the last quarter. US Financial Advisors LLC bought a new position in shares of Amazon.com during the first quarter valued at $354,000. King Wealth Management Group lifted its holdings in shares of Amazon.com by 3.6% during the first quarter. King Wealth Management Group now owns 56,631 shares of the e-commerce giant's stock valued at $10,775,000 after purchasing an additional 1,968 shares in the last quarter. MGO One Seven LLC lifted its holdings in Amazon.com by 8.7% in the first quarter. MGO One Seven LLC now owns 200,542 shares of the e-commerce giant's stock valued at $38,155,000 after acquiring an additional 16,106 shares during the period. Finally, Sound View Wealth Advisors Group LLC lifted its holdings in Amazon.com by 1.0% in the first quarter. Sound View Wealth Advisors Group LLC now owns 87,401 shares of the e-commerce giant's stock valued at $16,629,000 after acquiring an additional 866 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMZN shares. JMP Securities reissued a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, August 1st. UBS Group reissued a "buy" rating and issued a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Telsey Advisory Group reissued an "outperform" rating and issued a $265.00 target price on shares of Amazon.com in a report on Wednesday, August 13th. Jefferies Financial Group increased their target price on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Finally, Barclays upped their price target on Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target 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 that occurred 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 completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders sold 25,095,411 shares of company stock worth $5,675,473,849. Company insiders own 10.80% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded down $0.54 during trading on Wednesday, hitting $224.80. 15,262,786 shares of the company's stock were exchanged, compared to its average volume of 43,779,773. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 34.27, a PEG ratio of 1.54 and a beta of 1.30. The business's 50-day simple moving average is $224.91 and its 200 day simple moving average is $207.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS 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.