Amazon.com, Inc. $AMZN Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,573,496 shares of the e-commerce giant's stock after buying an additional 725,813 shares during the quarter. Amazon.com makes up about 2.5% of Russell Investments Group Ltd.'s investment portfolio, making the stock its 4th largest position. Russell Investments Group Ltd. owned 0.09% of Amazon.com worth $1,823,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Bare Financial Services Inc boosted its stake in Amazon.com by 5.4% in the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant's stock valued at $177,000 after buying an additional 48 shares in the last quarter. Talisman Wealth Advisors LLC boosted its stake in Amazon.com by 1.2% in the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock valued at $1,020,000 after buying an additional 53 shares in the last quarter. SWAN Capital LLC boosted its stake in Amazon.com by 3.1% in the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after buying an additional 55 shares in the last quarter. Hamel Associates Inc. boosted its stake in Amazon.com by 1.4% in the 1st quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant's stock valued at $780,000 after buying an additional 55 shares in the last quarter. Finally, CWC Advisors LLC. boosted its stake in Amazon.com by 3.1% in the 4th quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant's stock valued at $411,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AMZN shares. Stifel Nicolaus boosted their price target on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Rosenblatt Securities lifted their price objective on Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Wedbush lifted their price objective on Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com Trading Down 3.3%

Shares of AMZN stock traded down $7.91 on Wednesday, reaching $230.33. 60,798,520 shares of the stock were exchanged, compared to its average volume of 32,696,864. The stock has a market cap of $2.46 trillion, a PE ratio of 35.11, a P/E/G ratio of 1.60 and a beta of 1.30. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a 50 day moving average price of $226.43 and a 200 day moving average price of $208.24.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS 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 dated Thursday, August 21st. The stock was 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 approximately $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at $10,914,260. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 in the last ninety days. 9.70% of the stock is currently owned by 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.