Amazon.com, Inc. $AMZN Shares Bought by BridgePort Financial Solutions LLC

Key Points

• BridgePort Financial Solutions LLC increased its stake in Amazon.com, Inc. by 21.8%, acquiring an additional 2,127 shares, bringing its total ownership to 11,901 shares valued at approximately $2.61 million.
• Insider trades included Vice President Shelley Reynolds selling 2,715 shares at an average price of $221.64, and CEO Douglas J. Herrington selling 2,500 shares at an average price of $217.10, both reducing their ownership stakes.
• Analysts are generally optimistic, with BNP Paribas Exane upgrading Amazon's rating to "outperform" and setting a target price of $254.00, contributing to a consensus rating of "Buy" among Wall Street analysts.

BridgePort Financial Solutions LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,901 shares of the e-commerce giant's stock after acquiring an additional 2,127 shares during the period. Amazon.com comprises 0.9% of BridgePort Financial Solutions LLC's investment portfolio, making the stock its 29th biggest holding. BridgePort Financial Solutions LLC's holdings in Amazon.com were worth $2,611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Ridgecrest Wealth Partners LLC boosted its holdings in shares of Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock valued at $1,843,000 after buying an additional 45 shares in the last quarter. Bare Financial Services Inc boosted its holdings in shares of Amazon.com by 5.4% in the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant's stock valued at $177,000 after buying an additional 48 shares in the last quarter. Heritage Oak Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 1.2% in the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant's stock valued at $862,000 after buying an additional 48 shares in the last quarter. Cobblestone Asset Management LLC boosted its holdings in shares of Amazon.com by 3.1% in the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant's stock valued at $367,000 after buying an additional 50 shares in the last quarter. Finally, Seek First Inc. boosted its holdings in shares of Amazon.com by 0.5% in the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant's stock valued at $2,009,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,715 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $26,548,039.20. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total transaction of $542,750.00. Following the sale, the chief executive officer directly owned 515,507 shares in the company, valued at $111,916,569.70. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,741,053 shares of company stock worth $630,824,413 over the last three months. Company insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AMZN shares. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a report on Friday, June 27th. Truist Financial raised their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. DA Davidson upped their target price on shares of Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a report on Friday, August 1st. Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Scotiabank increased 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. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of "Buy" and a consensus target price of $267.27.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $222.03 on Wednesday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a market capitalization of $2.37 trillion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28. The firm has a 50-day moving average price of $225.57 and a two-hundred day moving average price of $213.26. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

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 (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same period last year, the company earned $1.26 EPS. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.

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