Amazon.com, Inc. $AMZN is Westover Capital Advisors LLC's 6th Largest Position

Westover Capital Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,613 shares of the e-commerce giant's stock after purchasing an additional 3,511 shares during the period. Amazon.com accounts for 2.9% of Westover Capital Advisors LLC's portfolio, making the stock its 6th largest holding. Westover Capital Advisors LLC's holdings in Amazon.com were worth $13,245,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AMZN. Norges Bank acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $27,266,582,000. GAMMA Investing LLC boosted its position 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 worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Capital World Investors increased its holdings in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Capital International Investors raised its position in shares of Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Amazon.com by 14.0% during the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after buying an additional 11,926,749 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMZN. Cantor Fitzgerald increased their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Evercore ISI reissued an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a report on Wednesday, August 13th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. DA Davidson lifted their target price on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Amazon.com currently has an average rating of "Buy" and an average price target of $262.87.

Amazon.com Trading Up 0.1%

NASDAQ:AMZN traded up $0.15 during trading hours on Wednesday, hitting $228.86. 12,887,969 shares of the company were exchanged, compared to its average volume of 44,108,418. The stock has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a fifty day simple moving average of $223.15 and a 200 day simple moving average of $207.99. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

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

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 2,715 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction on 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 sale, the chief executive officer owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,097,911 shares of company stock valued at $5,675,986,299. 10.80% of the stock is owned by corporate insiders.

Amazon.com Profile

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.