Amazon.com, Inc. $AMZN is Thoroughbred Financial Services LLC's 4th Largest Position

Key Points

• Thoroughbred Financial Services LLC increased its stake in Amazon.com by 1.2%, owning a total of 203,935 shares valued at approximately $38.8 million, making Amazon its 4th largest holding.
• Institutional ownership in Amazon is significant, with 72.20% of shares held by institutional investors and hedge funds following various increases in stakes by multiple firms during the fourth quarter.
• Amazon.com reported better-than-expected quarterly earnings with an EPS of $1.68, surpassing analysts' estimates of $1.31, alongside a revenue of $167.70 billion.

Thoroughbred Financial Services LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 203,935 shares of the e-commerce giant's stock after acquiring an additional 2,443 shares during the period. Amazon.com makes up approximately 2.4% of Thoroughbred Financial Services LLC's investment portfolio, making the stock its 4th largest position. Thoroughbred Financial Services LLC's holdings in Amazon.com were worth $38,800,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its holdings in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Amazon.com by 14.0% during the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after buying an additional 11,926,749 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Amazon.com by 14.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,975,984 shares of the e-commerce giant's stock worth $14,474,471,000 after buying an additional 8,142,030 shares during the last quarter. Capital World Investors increased its holdings in shares of Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Finally, Capital International Investors increased its holdings in shares of Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after buying an additional 12,000,745 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Cantor Fitzgerald raised their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Zacks Research downgraded shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Monness Crespi & Hardt raised their price target on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Westpark Capital reaffirmed a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Amazon.com has an average rating of "Buy" and an average target price of $262.87.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Down 1.4%

AMZN stock traded down $3.35 during midday trading on Friday, hitting $232.33. The company's stock had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. 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, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The firm has a market capitalization of $2.48 trillion, a P/E ratio of 35.42, a PEG ratio of 1.56 and a beta of 1.30. The firm has a 50-day simple moving average of $225.74 and a 200-day simple moving average of $208.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter last year, the company posted $1.26 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.