Altimeter Capital Management LP Purchases 173,930 Shares of Amazon.com, Inc. $AMZN

Key Points

• Altimeter Capital Management LP increased its stake in Amazon.com by 20%, owning over 1 million shares valued at approximately $198.85 million. This makes Amazon the 8th largest position in their investment portfolio.
• Insider Jeffrey P. Bezos sold 4.27 million shares in a transaction worth about $960.67 million, reducing his ownership by 0.47%.
• Amazon's latest quarterly earnings surpassed estimates with a reported $1.68 EPS and revenue of $167.70 billion, representing a 13.3% year-over-year increase.

Altimeter Capital Management LP boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 20.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,045,155 shares of the e-commerce giant's stock after buying an additional 173,930 shares during the quarter. Amazon.com accounts for about 4.0% of Altimeter Capital Management LP's portfolio, making the stock its 8th largest holding. Altimeter Capital Management LP's holdings in Amazon.com were worth $198,851,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at approximately $25,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at approximately $40,000. Capitol Family Office Inc. acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $42,000. Finally, Harbor Investment Advisory LLC lifted its position in 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 buying an additional 2,145 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

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 dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the sale, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 25,097,911 shares of company stock worth $5,676,032,574 in the last ninety days. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMZN. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Zacks Research lowered shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Bank of America upped their target price on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Morgan Stanley reaffirmed an "overweight" rating on shares of Amazon.com in a research report on Wednesday. Finally, Wall Street Zen raised shares of Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $1.80 during mid-day trading on Friday, hitting $228.15. 38,434,486 shares of the company were exchanged, compared to its average volume of 32,713,818. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The stock has a 50 day simple moving average of $226.87 and a 200-day simple moving average of $208.62. The firm has a market cap of $2.43 trillion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during 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 for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.