Westpac Banking Corp Has $50.65 Million Holdings in Amazon.com, Inc. $AMZN

Key Points

• Westpac Banking Corp reduced its holdings in Amazon.com by 0.7%, owning 266,218 shares valued at approximately $50.65 million, maintaining its position as the 4th largest in their portfolio.
• Institutional investors now own 72.20% of Amazon's stock, with several funds, including Nuveen LLC and GAMMA Investing LLC, significantly increasing their stakes in the company recently.
• Analysts have set a consensus target price of $262.87 for Amazon.com, with multiple firms issuing buy ratings and price objectives ranging from $235.00 to $285.00.

Westpac Banking Corp reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 266,218 shares of the e-commerce giant's stock after selling 1,815 shares during the quarter. Amazon.com comprises about 3.7% of Westpac Banking Corp's investment portfolio, making the stock its 4th largest holding. Westpac Banking Corp's holdings in Amazon.com were worth $50,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the fourth quarter worth about $25,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the first quarter worth about $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com in the first quarter worth about $40,000. Capitol Family Office Inc. bought a new stake in Amazon.com in the first quarter worth about $42,000. Finally, Harbor Investment Advisory LLC raised its position in Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 2,145 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMZN. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Needham & Company LLC restated a "buy" rating and set a $265.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Jefferies Financial Group boosted their price objective on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Bank of America boosted their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Westpark Capital restated a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $262.87.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. Insiders own 9.70% of the company's stock.

Amazon.com Stock Down 3.3%

NASDAQ:AMZN traded down $7.91 on Wednesday, hitting $230.33. 60,798,520 shares of the company's stock traded hands, compared to its average volume of 32,696,864. 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, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm has a 50-day moving average price of $226.43 and a 200-day moving average price of $208.24. The company has a market cap of $2.46 trillion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 1.60 and a beta of 1.30.

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, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the business posted $1.26 EPS. The business'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. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Company 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.