Amazon.com, Inc. $AMZN Shares Purchased by Anchor Investment Management LLC

Key Points

• Anchor Investment Management LLC increased its stake in Amazon.com, Inc. by 3.1% during the first quarter, owning approximately 69,876 shares valued at $13.30 million.
• Multiple institutional investors have raised their holdings in Amazon, with Brighton Jones LLC boosting its stake by 10.9% and now holding shares valued at $885 million.
• Amazon reported strong earnings, with a net margin of 10.54% and revenue of $167.70 billion for the quarter, exceeding analysts' expectations.

Anchor Investment Management LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,876 shares of the e-commerce giant's stock after acquiring an additional 2,079 shares during the quarter. Amazon.com makes up about 1.2% of Anchor Investment Management LLC's portfolio, making the stock its 16th biggest holding. Anchor Investment Management LLC's holdings in Amazon.com were worth $13,295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the first quarter valued at approximately $40,000. Capitol Family Office Inc. purchased a new position in Amazon.com in the first quarter worth approximately $42,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Amazon.com during the first quarter worth $59,000. Finally, von Borstel & Associates Inc. purchased a new stake in Amazon.com in the first quarter valued at $66,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 1.5%

Shares of AMZN traded up $3.44 during mid-day trading on Tuesday, reaching $234.87. The company's stock had a trading volume of 24,107,871 shares, compared to its average volume of 43,616,891. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The stock has a market cap of $2.50 trillion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31. The company's 50 day moving average is $227.03 and its 200 day moving average is $208.71.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The shares were 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 $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. Corporate insiders own 10.80% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMZN. Citizens Jmp assumed coverage on Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating for the company. Morgan Stanley reaffirmed an "overweight" rating on shares of Amazon.com in a research note on Wednesday, September 10th. Scotiabank lifted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 22nd. Truist Financial upped their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Zacks Research cut shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of "Buy" and a consensus target price of $263.30.

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.