Amazon.com, Inc. $AMZN Shares Acquired by Morse Asset Management Inc

Morse Asset Management Inc boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 89,049 shares of the e-commerce giant's stock after buying an additional 1,100 shares during the period. Amazon.com makes up approximately 4.3% of Morse Asset Management Inc's holdings, making the stock its 4th largest holding. Morse Asset Management Inc's holdings in Amazon.com were worth $16,942,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the 4th quarter valued at $27,000. LSV Asset Management purchased a new stake in Amazon.com during the 4th quarter valued at $35,000. Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the period. Cooksen Wealth LLC purchased a new stake in Amazon.com during the 1st quarter valued at $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Amazon.com during the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 1.7%

AMZN traded down $3.7930 on Wednesday, hitting $224.2170. The company had a trading volume of 19,696,742 shares, compared to its average volume of 44,564,785. The stock has a fifty day moving average price of $221.91 and a 200-day moving average price of $208.35. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month 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 stock has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 1.56 and a beta of 1.31.

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 business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the previous year, the company earned $1.26 earnings per share. The business's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Monness Crespi & Hardt increased their target price on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. HSBC increased their target price on Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. The Goldman Sachs Group reiterated a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $265.00 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 assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $262.87.

Insider Transactions at Amazon.com

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 value of $960,666,409.97. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 25,025,854 shares of company stock valued at $5,659,723,195 over the last 90 days. 10.80% of the stock is currently owned by insiders.

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.