Foundations Investment Advisors LLC Purchases 24,593 Shares of Amazon.com, Inc. $AMZN

Key Points

• Foundations Investment Advisors LLC increased its holdings in Amazon.com by 11.6% in Q1, owning a total of 237,115 shares valued at approximately $45 million.
• Insider transactions reported a significant sale of 25 million shares by insiders, with vice president David Zapolsky selling 13,570 shares at an average price of $222.76.
• Amazon's stock showed a 1.1% increase, reaching $231.60, while the company reported earnings that exceeded expectations, with a revenue of $167.7 billion for the latest quarter.

Foundations Investment Advisors LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,115 shares of the e-commerce giant's stock after purchasing an additional 24,593 shares during the period. Amazon.com comprises about 0.8% of Foundations Investment Advisors LLC's holdings, making the stock its 26th largest holding. Foundations Investment Advisors LLC's holdings in Amazon.com were worth $45,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the fourth quarter valued at $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the fourth quarter valued at $35,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the first quarter valued at $40,000. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. UBS Group reaffirmed a "buy" rating and set a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Piper Sandler increased their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Barclays increased their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Bank of America increased their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $262.87.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated 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 transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 25,097,911 shares of company stock worth $5,675,986,299 in the last ninety days. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Down 1.1%

NASDAQ:AMZN traded down $2.60 during trading hours on Friday, reaching $229.00. The company had a trading volume of 26,167,914 shares, compared to its average volume of 37,773,448. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.54 and a beta of 1.31. The business's 50-day simple moving average is $224.25 and its two-hundred day simple moving average is $207.79. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during 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 revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share 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.