Richard P Slaughter Associates Inc Has $5.84 Million Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Richard P Slaughter Associates Inc increased its stake in Amazon.com, Inc. by 10.7%, owning approximately $5.8 million worth of shares, making it the 16th biggest holding in their portfolio.
• Major institutional investors like Vanguard Group and UBS AM have also increased their positions in Amazon, collectively owning over 72% of the stock.
• Amazon's recent earnings report showed a significant beat with $1.68 EPS, exceeding analysts’ expectations and reflecting a 13.3% year-over-year revenue growth.

Richard P Slaughter Associates Inc raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,599 shares of the e-commerce giant's stock after purchasing an additional 2,581 shares during the quarter. Amazon.com accounts for 1.2% of Richard P Slaughter Associates Inc's portfolio, making the stock its 16th largest holding. Richard P Slaughter Associates Inc's holdings in Amazon.com were worth $5,835,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AMZN. Nuveen LLC acquired a new stake in Amazon.com during the first quarter valued at approximately $11,674,091,000. GAMMA Investing LLC boosted its holdings in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock worth $11,017,657,000 after acquiring an additional 10,176,835 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $2,037,963,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Pivotal Research boosted their target price on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Oppenheimer reduced their target price on Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Finally, Westpark Capital reissued a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. Two 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 MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $263.30.

Amazon.com Trading Up 0.1%

Shares of AMZN traded up $0.25 during trading hours on Friday, reaching $231.48. The stock had a trading volume of 97,793,456 shares, compared to its average volume of 34,071,644. 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 50-day moving average of $227.81 and a 200 day moving average of $209.43. The company has a market cap of $2.47 trillion, a P/E ratio of 35.29, a P/E/G ratio of 1.55 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The firm's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. This represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares of the company's stock, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock worth $5,676,032,574 over the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

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.