Foundations Investment Advisors LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 237,115 shares of the e-commerce giant's stock after purchasing an additional 24,593 shares during the period. Amazon.com accounts for approximately 0.8% of Foundations Investment Advisors LLC's portfolio, making the stock its 26th largest position. Foundations Investment Advisors LLC's holdings in Amazon.com were worth $45,114,000 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 company. KFA Private Wealth Group LLC lifted its position in shares of Amazon.com by 21.9% in the 1st quarter. KFA Private Wealth Group LLC now owns 10,189 shares of the e-commerce giant's stock worth $1,938,000 after purchasing an additional 1,832 shares during the period. Maridea Wealth Management LLC lifted its position in shares of Amazon.com by 84.5% in the 1st quarter. Maridea Wealth Management LLC now owns 15,730 shares of the e-commerce giant's stock worth $2,993,000 after purchasing an additional 7,205 shares during the period. Schubert & Co lifted its position in shares of Amazon.com by 14.1% in the 1st quarter. Schubert & Co now owns 1,638 shares of the e-commerce giant's stock worth $312,000 after purchasing an additional 202 shares during the period. AGP Franklin LLC lifted its position in shares of Amazon.com by 17.6% during the 1st quarter. AGP Franklin LLC now owns 35,172 shares of the e-commerce giant's stock valued at $6,317,000 after acquiring an additional 5,273 shares during the period. Finally, Solidarity Wealth LLC lifted its position in shares of Amazon.com by 2.0% during the 1st quarter. Solidarity Wealth LLC now owns 133,556 shares of the e-commerce giant's stock valued at $25,410,000 after acquiring an additional 2,633 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.
Insider Transactions at Amazon.com
In other news, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares in the company, valued at $9,825,943.60. This represents a 23.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares of the company's stock, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,097,911 shares of company stock worth $5,675,986,299. 9.70% of the stock is owned by insiders.
Amazon.com Stock Up 1.1%
AMZN traded up $2.48 during trading on Thursday, hitting $231.60. 33,650,159 shares of the company's stock were exchanged, compared to its average volume of 46,110,316. 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 business's 50 day moving average is $223.48 and its two-hundred day moving average is $208.13. 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 market cap of $2.47 trillion, a P/E ratio of 35.30, a PEG ratio of 1.54 and a beta of 1.31.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its 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 firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the business posted $1.26 EPS. The business'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 expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Analyst Ratings Changes
AMZN has been the topic of a number of research reports. Morgan Stanley reiterated an "overweight" rating and set a $300.00 target price on shares of Amazon.com in a research report on Thursday, August 14th. Truist Financial boosted their target price on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Jefferies Financial Group boosted their target price on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Susquehanna boosted their target price on shares of Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Finally, Zacks Research downgraded shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $262.87.
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About Amazon.com
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Free Report)
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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