Amazon.com, Inc. $AMZN Shares Bought by OLD National Bancorp IN

Key Points

• OLD National Bancorp IN increased its stake in Amazon.com, Inc. by 5.2% in Q2, owning 377,332 shares valued at approximately $82.78 million, making it the 13th largest holding in their portfolio.
• Wall Street analysts have raised their price targets for Amazon, with an average target of $267.27 and the majority giving it a Buy rating, indicating strong confidence in the company's future performance.
• Insider trades revealed significant stock sales by Amazon's CEO, with over 2.74 million shares sold by corporate insiders in the last three months, signaling potential shifts in internal sentiment about the stock's performance.

OLD National Bancorp IN raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 377,332 shares of the e-commerce giant's stock after buying an additional 18,675 shares during the quarter. Amazon.com comprises about 1.5% of OLD National Bancorp IN's portfolio, making the stock its 13th biggest holding. OLD National Bancorp IN's holdings in Amazon.com were worth $82,783,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com during the second quarter worth $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter worth $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at about $40,000. Maryland Capital Advisors Inc. grew its holdings in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after purchasing an additional 95 shares during the period. Finally, Capitol Family Office Inc. purchased a new stake in shares of Amazon.com in the first quarter valued at about $42,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. DA Davidson upped their price objective 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. Bank of America upped their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Piper Sandler upped their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Robert W. Baird upped their price objective 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. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $267.27.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total transaction of $542,750.00. Following the completion of the sale, the chief executive officer directly owned 515,507 shares in the company, valued at approximately $111,916,569.70. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,741,053 shares of company stock valued at $630,824,413. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Up 2.6%

Shares of AMZN opened at $222.03 on Wednesday. The stock has a market capitalization of $2.37 trillion, a PE ratio of 33.85, a P/E/G ratio of 1.43 and a beta of 1.28. 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. The company's 50-day simple moving average is $225.57 and its 200-day simple moving average is $213.26.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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. The business had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share 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.

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