Tower Bridge Advisors Acquires 3,395 Shares of Amazon.com, Inc. $AMZN

Key Points

• Tower Bridge Advisors increased its stake in Amazon.com, Inc. by 8.1%, owning 45,062 shares valued at $8,573,000 after acquiring 3,395 additional shares.
• Amazon reported earnings of $1.68 per share for the last quarter, exceeding analysts' estimates, with a revenue of $167.70 billion—up 13.3% from the previous year.
• Insider Jeffrey P. Bezos sold 4.27 million shares of Amazon stock valued at approximately $960.67 million, representing a 0.47% decrease in his ownership.

Tower Bridge Advisors lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,062 shares of the e-commerce giant's stock after buying an additional 3,395 shares during the period. Tower Bridge Advisors' holdings in Amazon.com were worth $8,573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com during the 4th quarter valued at $25,000. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter valued at about $35,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the first quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the first quarter valued at about $40,000. Finally, Perritt Capital Management Inc raised its position in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Amazon.com stock traded down $3.73 during mid-day trading on Tuesday, reaching $225.27. The company had a trading volume of 22,892,423 shares, compared to its average volume of 43,852,789. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week 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 cap of $2.40 trillion, a P/E ratio of 34.35, a P/E/G ratio of 1.54 and a beta of 1.31. The business has a fifty day simple moving average of $224.66 and a 200 day simple moving average of $207.80.

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 (EPS) for the quarter, beating 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 the consensus estimate of $161.80 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The company's revenue for the quarter was up 13.3% on a year-over-year basis. 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 year.

Analysts Set New Price Targets

Several analysts have recently commented on AMZN shares. Wedbush increased their price target on shares of Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Stifel Nicolaus raised their price target on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $265.00 price objective on shares of Amazon.com in a research report on Wednesday, August 13th. Piper Sandler boosted their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company lifted their price target on shares of Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $262.87.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's 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 transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 25,095,411 shares of company stock worth $5,675,473,849 in the last ninety days. 10.80% of the stock is owned by company 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.