Amazon.com, Inc. $AMZN Stake Boosted by Bank Pictet & Cie Europe AG

Key Points

• Bank Pictet & Cie Europe AG increased its stake in Amazon.com, raising its holdings by 3.4%, making Amazon the firm's second largest holding with a value of approximately $434.7 million.
• Insider transactions included significant sales by SVP David Zapolsky and CEO Andrew R. Jassy, who sold 13,570 and 19,872 shares respectively, which reflects a notable decrease in their ownership.
• Amazon's stock has received positive evaluations from various brokerages, with price targets being raised by firms like HSBC and Piper Sandler, indicating strong future potential for the stock despite recent insider selling.

Bank Pictet & Cie Europe AG boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,981,517 shares of the e-commerce giant's stock after acquiring an additional 65,612 shares during the quarter. Amazon.com accounts for about 9.3% of Bank Pictet & Cie Europe AG's investment portfolio, making the stock its 2nd largest holding. Bank Pictet & Cie Europe AG's holdings in Amazon.com were worth $434,725,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Western Wealth Management LLC boosted its position in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after acquiring an additional 1,297 shares during the period. Flaharty Asset Management LLC boosted its position in Amazon.com by 87.7% during the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant's stock worth $968,000 after acquiring an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Amazon.com during the 1st quarter valued at about $514,000. Border to Coast Pensions Partnership Ltd lifted its holdings in shares of Amazon.com by 6.0% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant's stock valued at $249,295,000 after buying an additional 63,924 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Amazon.com by 0.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock valued at $58,000 after buying an additional 2,145 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders sold a total of 18,313,335 shares of company stock valued at $4,164,795,815 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMZN. HSBC lifted their price target on Amazon.com from $256.00 to $260.00 and gave the company a "buy" rating in a report on Monday, September 29th. Robert W. Baird lifted their price target on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a report on Monday, July 21st. BMO Capital Markets lifted their price target on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price target on Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Mizuho set a $300.00 price target on Amazon.com and gave the company an "outperform" rating in a report on Monday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $266.26.

Amazon.com Stock Up 0.4%

Shares of AMZN stock opened at $221.78 on Wednesday. The firm has a market cap of $2.37 trillion, a PE ratio of 33.81, a price-to-earnings-growth ratio of 1.48 and a beta of 1.28. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a 50 day moving average of $226.13 and a 200-day moving average of $211.48.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for 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%.Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current 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.

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