Aprio Wealth Management LLC Buys 2,354 Shares of Amazon.com, Inc. $AMZN

Key Points

• Aprio Wealth Management LLC increased its stake in Amazon.com, Inc. by 18.0% in Q1, owning 15,414 shares valued at $2.93 million.
• Amazon's recent quarterly earnings exceeded analysts' expectations, reporting $1.68 EPS and $167.70 billion in revenue, marking a 13.3% increase year-over-year.
• Several analysts raised their price targets for Amazon, with Scotiabank increasing its target from $250 to $275 and UBS from $249 to $271.

Aprio Wealth Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,414 shares of the e-commerce giant's stock after purchasing an additional 2,354 shares during the quarter. Aprio Wealth Management LLC's holdings in Amazon.com were worth $2,933,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at about $25,000. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com during the first quarter worth about $40,000. Capitol Family Office Inc. acquired a new position in Amazon.com during the 1st quarter worth $42,000. Finally, Harbor Investment Advisory LLC lifted its holdings in Amazon.com by 0.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after buying an additional 2,145 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.8%

Amazon.com stock traded down $1.80 during mid-day trading on Friday, hitting $228.15. The company's stock had a trading volume of 38,434,486 shares, compared to its average volume of 32,713,818. The firm's 50 day moving average is $226.87 and its 200 day moving average is $208.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a market cap of $2.43 trillion, a PE ratio of 34.78, a price-to-earnings-growth 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.

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

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated 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 in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on AMZN shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. Monness Crespi & Hardt raised their price objective on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Susquehanna boosted their target price on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Canaccord Genuity Group restated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Finally, Bank of America lifted their target price on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two research 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, the stock presently has a consensus rating of "Buy" and a consensus price target of $262.87.

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.