Carrera Capital Advisors Buys 2,209 Shares of Amazon.com, Inc. $AMZN

Key Points

• Carrera Capital Advisors increased its stake in Amazon.com by 12.4%, now owning 20,079 shares valued at approximately $3.82 million, making it the 20th largest position in their portfolio.
• Amazon reported a quarterly EPS of $1.68, surpassing estimates by $0.37, with revenue of $167.70 billion reflecting a 13.3% year-over-year growth.
• Analysts have raised their price targets for Amazon, with a consensus rating of "Buy" and an average target price of $262.87.

Carrera Capital Advisors increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,079 shares of the e-commerce giant's stock after acquiring an additional 2,209 shares during the quarter. Amazon.com comprises about 0.8% of Carrera Capital Advisors' investment portfolio, making the stock its 20th biggest holding. Carrera Capital Advisors' holdings in Amazon.com were worth $3,820,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management bought a new stake in Amazon.com during the 4th quarter valued at about $35,000. Cooksen Wealth LLC bought a new stake in Amazon.com during the 1st quarter valued at about $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com during the 1st quarter valued at about $40,000. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Bank of America raised their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Zacks Research lowered shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Cowen restated a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Oppenheimer dropped their price target on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Finally, Stifel Nicolaus raised their price target on shares of Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a report 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 stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $262.87.

Amazon.com Price Performance

NASDAQ:AMZN traded down $2.60 during trading hours on Friday, hitting $229.00. 26,167,914 shares of the stock traded hands, compared to its average volume of 42,576,432. 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 1 year low of $161.38 and a 1 year high of $242.52. The company has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. The stock has a 50 day moving average price of $224.25 and a 200 day moving average price of $207.95.

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. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous 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. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on 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 sale, the insider owned 897,722,088 shares in the company, 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 filing with the SEC, which is available at the SEC website. Insiders have sold a total of 25,097,911 shares of company stock worth $5,675,986,299 over the last quarter. 9.70% of the stock is owned by 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.