OneAscent Family Office LLC Raises Stake in Amazon.com, Inc. $AMZN

OneAscent Family Office LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 306.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,542 shares of the e-commerce giant's stock after buying an additional 9,455 shares during the quarter. Amazon.com comprises approximately 2.2% of OneAscent Family Office LLC's holdings, making the stock its 8th largest position. OneAscent Family Office LLC's holdings in Amazon.com were worth $2,398,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter worth $35,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the first quarter worth $36,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter worth $40,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 1.7%

Shares of AMZN traded down $3.7930 during midday trading on Wednesday, reaching $224.2170. 19,696,742 shares of the stock were exchanged, compared to its average volume of 44,564,785. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The firm has a 50 day simple moving average of $221.91 and a 200-day simple moving average of $208.35. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.39 trillion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the business earned $1.26 EPS. The business's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred 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 transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 25,025,854 shares of company stock valued at $5,659,723,195. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMZN. JPMorgan Chase & Co. increased their price target on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Susquehanna lifted their target price on Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. Truist Financial lifted their target price on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Roth Capital set a $250.00 price target on Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $262.87.

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.