Amazon.com, Inc. $AMZN Shares Bought by Nikko Asset Management Americas Inc.

Key Points

• Nikko Asset Management Americas Inc. increased its stake in Amazon.com, acquiring an additional 164,922 shares, bringing its total holdings to 962,985 shares, valued at approximately $183 million.
• Amazon.com reported a Q2 EPS of $1.68, surpassing estimates by 37 cents, with a revenue of $167.70 billion, reflecting a 13.3% year-over-year increase.
• Wall Street analysts are optimistic, with a consensus rating of "Buy" for Amazon, and several firms have raised their price targets, with the average target now at $262.87.

Nikko Asset Management Americas Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 20.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 962,985 shares of the e-commerce giant's stock after purchasing an additional 164,922 shares during the quarter. Amazon.com makes up about 2.3% of Nikko Asset Management Americas Inc.'s investment portfolio, making the stock its 12th largest holding. Nikko Asset Management Americas Inc.'s holdings in Amazon.com were worth $183,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter valued at about $35,000. Perritt Capital Management Inc boosted its holdings in shares of Amazon.com by 72.7% in 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 in the last quarter. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 1st quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new position in Amazon.com during the 1st quarter worth approximately $40,000. Institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,097,911 shares of company stock valued at $5,675,986,299. 9.70% of the stock is owned by insiders.

Amazon.com Stock Down 1.1%

AMZN traded down $2.60 on Friday, reaching $229.00. The company's stock had a trading volume of 26,167,914 shares, compared to its average volume of 42,576,432. The company has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.55 and a beta of 1.31. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a 50 day moving average of $224.25 and a two-hundred day moving average of $208.10. 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 posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate 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 was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMZN. Robert W. Baird lifted their target price on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Cantor Fitzgerald lifted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Moffett Nathanson lifted their target price on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Tigress Financial upped their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Pivotal Research upped their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $262.87.

Amazon.com 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.