Amazon.com, Inc. $AMZN is Solidarity Wealth LLC's 3rd Largest Position

Key Points

• Solidarity Wealth LLC has increased its stake in Amazon.com by 2.0%, making it the firm’s 3rd largest holding, now accounting for 6.3% of its portfolio, valued at approximately $25.4 million.
• Amazon's stock is up 1.1%, trading at $231.60, with a market cap of $2.47 trillion and a PE ratio of 35.30.
• Several analysts have raised their target prices for Amazon, with Scotiabank increasing theirs from $250 to $275, reflecting a general optimism as the stock maintains a consensus "Buy" rating.

Solidarity Wealth LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,556 shares of the e-commerce giant's stock after purchasing an additional 2,633 shares during the period. Amazon.com accounts for approximately 6.3% of Solidarity Wealth LLC's portfolio, making the stock its 3rd largest holding. Solidarity Wealth LLC's holdings in Amazon.com were worth $25,410,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC raised its position in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after buying an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after buying an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE raised its position in shares of Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after buying an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth $2,153,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. Scotiabank increased their target price on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. Tigress Financial increased their target price on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Jefferies Financial Group increased their target price on Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. UBS Group reissued a "buy" rating and issued a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Finally, Oppenheimer reduced their target price on Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Amazon.com has an average rating of "Buy" and a consensus target price of $262.87.

Amazon.com Stock Up 1.1%

Amazon.com stock traded up $2.48 during trading hours on Thursday, hitting $231.60. 33,650,159 shares of the stock traded hands, compared to its average volume of 46,110,316. The firm's 50-day moving average price is $223.48 and its two-hundred day moving average price is $208.13. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.47 trillion, a PE ratio of 35.30, a PEG ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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 return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the previous year, the firm posted $1.26 EPS. The business's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares of the company's stock, valued at $10,914,260. The trade was a 26.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 6,835 shares of the business's 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 completion of the sale, the chief executive officer directly owned 520,507 shares in the company, valued at approximately $115,354,761.34. This represents a 1.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,097,911 shares of company stock worth $5,675,986,299. Company insiders own 9.70% of the company's stock.

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.