Amazon.com, Inc. $AMZN Shares Purchased by Savvy Advisors Inc.

Savvy Advisors Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,433 shares of the e-commerce giant's stock after buying an additional 13,640 shares during the quarter. Amazon.com comprises about 1.3% of Savvy Advisors Inc.'s holdings, making the stock its 14th biggest holding. Savvy Advisors Inc.'s holdings in Amazon.com were worth $13,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. LaSalle St. Investment Advisors LLC lifted its holdings in shares of Amazon.com by 11.2% during the first quarter. LaSalle St. Investment Advisors LLC now owns 34,309 shares of the e-commerce giant's stock worth $6,527,000 after purchasing an additional 3,467 shares during the period. Hirtle Callaghan & Co LLC acquired a new position in shares of Amazon.com during the 1st quarter worth $554,000. AlphaCore Capital LLC raised its stake in shares of Amazon.com by 61.3% during the 1st quarter. AlphaCore Capital LLC now owns 77,102 shares of the e-commerce giant's stock worth $14,669,000 after buying an additional 29,299 shares during the last quarter. WBH Advisory Inc. raised its stake in shares of Amazon.com by 1.3% during the 1st quarter. WBH Advisory Inc. now owns 16,652 shares of the e-commerce giant's stock worth $3,168,000 after buying an additional 214 shares during the last quarter. Finally, Flagship Wealth Advisors LLC raised its stake in Amazon.com by 2.5% in the 1st quarter. Flagship Wealth Advisors LLC now owns 5,773 shares of the e-commerce giant's stock valued at $1,098,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AMZN shares. Robert W. Baird lifted their price objective on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Scotiabank increased their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 22nd. Bank of America increased their target price 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. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Finally, BMO Capital Markets increased their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $262.87.

Amazon.com Stock Down 1.4%

AMZN stock opened at $232.33 on Monday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company 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 1.31. The firm has a 50 day simple moving average of $225.74 and a 200-day simple moving average of $207.90.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly 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 business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com 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 transaction, the chief executive officer owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the transaction, the senior vice president directly 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 sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last 90 days. Corporate insiders own 10.80% of the company's stock.

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.

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