Commerce Bank Acquires 6,673 Shares of Amazon.com, Inc. $AMZN

Commerce Bank increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,282,106 shares of the e-commerce giant's stock after purchasing an additional 6,673 shares during the quarter. Amazon.com accounts for approximately 2.8% of Commerce Bank's portfolio, making the stock its 4th biggest position. Commerce Bank's holdings in Amazon.com were worth $434,193,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Western Wealth Management LLC grew its position in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in Amazon.com in the 1st quarter valued at about $514,000. Bearing Point Capital LLC acquired a new position in Amazon.com in the 4th quarter valued at about $12,014,000. Evergreen Capital Management LLC grew its position in Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after acquiring an additional 1,198 shares in the last quarter. Finally, Keyvantage Wealth LLC acquired a new position in Amazon.com in the 4th quarter valued at about $2,735,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on AMZN. Susquehanna lifted their target price on Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Morgan Stanley reaffirmed an "overweight" rating and issued a $300.00 target price on shares of Amazon.com in a research report on Thursday, August 14th. BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a research report on Friday, June 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Finally, Pivotal Research lifted their price objective on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research note 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 assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $262.87.

Amazon.com Stock Up 3.8%

AMZN stock traded up $8.53 during trading on Thursday, hitting $234.52. 36,443,946 shares of the company's stock were exchanged, compared to its average volume of 43,816,934. The business has a 50-day moving average price of $225.19 and a two-hundred day moving average price of $208.04. The stock has a market capitalization of $2.50 trillion, a price-to-earnings ratio of 35.73, a PEG ratio of 1.54 and a beta of 1.30. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. 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 posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm 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 firm's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.62, for a total value of $1,514,772.70. Following the transaction, the chief executive officer directly owned 520,507 shares in the company, valued at approximately $115,354,761.34. This trade represents a 1.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,095,411 shares of company stock valued at $5,675,473,849 over the last 90 days. Insiders own 9.70% of the company's stock.

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.