Amazon.com, Inc. $AMZN Shares Bought by Westfield Capital Management Co. LP

Key Points

• Westfield Capital Management Co. LP has increased its stake in Amazon.com, Inc. by 0.6%, making it the fund's 5th largest investment at approximately $658.8 million.
• Analysts have a consensus rating of "Buy" for Amazon.com, with a notable price target increase from $226 to a high of $285 by various firms.
• A recent earnings report showed Amazon.com surpassing estimates with $1.68 EPS and revenue growth of 13.3% year-over-year, bringing overall revenue to $167.7 billion.

Westfield Capital Management Co. LP raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,462,676 shares of the e-commerce giant's stock after buying an additional 20,428 shares during the period. Amazon.com comprises about 3.2% of Westfield Capital Management Co. LP's holdings, making the stock its 5th largest position. Westfield Capital Management Co. LP's holdings in Amazon.com were worth $658,809,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Western Wealth Management LLC raised its stake in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after buying an additional 1,297 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Amazon.com in the first quarter valued at $514,000. Bearing Point Capital LLC acquired a new stake in Amazon.com in the fourth quarter valued at $12,014,000. Evergreen Capital Management LLC increased its position in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Keyvantage Wealth LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $2,735,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

AMZN stock traded down $3.35 on Friday, reaching $232.33. The company had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company's fifty day moving average is $225.74 and its 200 day moving average is $208.00. The company has a market cap of $2.48 trillion, a P/E ratio of 35.42, a PEG ratio of 1.56 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the company earned $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, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. Barclays lifted their target price on Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Robert W. Baird lifted their target price on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. UBS Group reiterated a "buy" rating and set a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Bank of America lifted their target price on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two equities research 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 company. According to MarketBeat, the stock has an average 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 business's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. Insiders own 9.70% of the company's stock.

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.