Amazon.com, Inc. $AMZN is Metis Global Partners LLC's 6th Largest Position

Key Points

• Metis Global Partners LLC increased its stake in Amazon.com by 11.3%, acquiring an additional 60,704 shares, bringing its total ownership to 598,113 shares valued at approximately $113.8 million.
• Analysts have varied views on Amazon.com, with price targets ranging from $250 to $285, and a consensus rating of "Buy".
• Insider trading has seen significant activity, with CEO Andrew Jassy selling nearly 20,000 shares at an average price of $221.58, contributing to a broader trend of insider selling at the company.

Metis Global Partners LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 598,113 shares of the e-commerce giant's stock after buying an additional 60,704 shares during the period. Amazon.com accounts for approximately 3.2% of Metis Global Partners LLC's portfolio, making the stock its 6th largest position. Metis Global Partners LLC's holdings in Amazon.com were worth $113,797,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Nemes Rush Group LLC raised its holdings in Amazon.com by 0.4% during the first quarter. Nemes Rush Group LLC now owns 93,984 shares of the e-commerce giant's stock worth $17,881,000 after purchasing an additional 348 shares in the last quarter. Ridgewood Investments LLC lifted its position in Amazon.com by 4.9% in the first quarter. Ridgewood Investments LLC now owns 6,212 shares of the e-commerce giant's stock valued at $1,182,000 after purchasing an additional 291 shares during the period. Ballast Advisors LLC lifted its position in Amazon.com by 0.6% in the first quarter. Ballast Advisors LLC now owns 20,725 shares of the e-commerce giant's stock valued at $3,943,000 after purchasing an additional 116 shares during the period. Valued Retirements Inc. lifted its position in Amazon.com by 10.3% in the first quarter. Valued Retirements Inc. now owns 5,079 shares of the e-commerce giant's stock valued at $966,000 after purchasing an additional 474 shares during the period. Finally, Alteri Wealth LLC lifted its position in Amazon.com by 1.3% in the first quarter. Alteri Wealth LLC now owns 25,720 shares of the e-commerce giant's stock valued at $4,893,000 after purchasing an additional 325 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 25,097,911 shares of company stock valued at $5,675,986,299. Insiders own 9.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on AMZN shares. Truist Financial raised their price objective on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Pivotal Research raised their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Moffett Nathanson raised their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Cantor Fitzgerald raised their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $2.48 during trading on Thursday, hitting $231.60. 33,645,386 shares of the company were exchanged, compared to its average volume of 44,096,445. 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 fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 1.53 and a beta of 1.31. The firm has a 50 day moving average price of $223.48 and a 200 day moving average price of $208.13.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the firm posted $1.26 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.