Amazon.com, Inc. $AMZN Holdings Boosted by MGO One Seven LLC

Key Points

• MGO One Seven LLC increased its stake in Amazon.com by 8.7%, now holding 200,542 shares valued at $38.15 million, making it their 6th largest investment.
• Major institutional investors such as FMR LLC and Capital World Investors have also raised their stakes in Amazon.com, with overall institutional ownership now at 72.20%.
• Analysts have raised their price targets for Amazon.com, with an average target now at $262.87, as the company reported strong quarterly earnings, beating EPS estimates significantly.

MGO One Seven LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,542 shares of the e-commerce giant's stock after purchasing an additional 16,106 shares during the period. Amazon.com makes up about 1.5% of MGO One Seven LLC's holdings, making the stock its 6th largest holding. MGO One Seven LLC's holdings in Amazon.com were worth $38,155,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in AMZN. GAMMA Investing LLC lifted its stake in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Capital World Investors lifted its stake in Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Capital International Investors lifted its stake in Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares in the last quarter. Northern Trust Corp lifted its stake in Amazon.com by 14.0% during the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after purchasing an additional 11,926,749 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Amazon.com during the fourth quarter worth $2,037,963,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Bank of America boosted their target price on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. HSBC boosted their target price on Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Finally, JMP Securities reissued a "market outperform" rating and set a $285.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Two research 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $262.87.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 25,095,411 shares of company stock worth $5,675,473,849 over the last 90 days. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Down 0.2%

Shares of NASDAQ:AMZN traded down $0.54 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 firm's 50-day moving average is $224.91 and its 200 day moving average is $207.92. The company has a market capitalization of $2.40 trillion, a PE ratio of 34.27, a P/E/G ratio of 1.54 and a beta of 1.30. 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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. 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 business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side 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.