Assetmark Inc. Increases Stake in Amazon.com, Inc. $AMZN

Key Points

• Assetmark Inc. increased its stake in Amazon.com by 5.8% during the first quarter, holding a total of 1,779,058 shares valued at approximately $338 million.
• Amazon.com reported a Q2 EPS of $1.68, beating estimates by $0.37, and achieved quarterly revenue of $167.70 billion, which was above expectations.
• Insider Jeffrey P. Bezos sold over 4.2 million shares of Amazon, totaling nearly $961 million, reducing his stake slightly to about 897 million shares.

Assetmark Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,779,058 shares of the e-commerce giant's stock after acquiring an additional 97,042 shares during the period. Amazon.com makes up approximately 0.9% of Assetmark Inc.'s investment portfolio, making the stock its 24th largest holding. Assetmark Inc.'s holdings in Amazon.com were worth $338,484,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after acquiring an additional 397,007 shares during the period. Revolve Wealth Partners LLC increased its holdings 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 valued at $5,495,000 after purchasing an additional 986 shares during the period. Bank Pictet & Cie Europe AG raised its stake 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 purchasing an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE lifted its holdings in shares of Amazon.com by 5.5% during 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 purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $2,153,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 price target on shares of Amazon.com in a report on Wednesday, August 13th. Jefferies Financial Group upped their price objective on shares of Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. HSBC boosted their target price on shares of Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded Amazon.com from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Two equities 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 stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $262.87.

Insiders Place Their Bets

In other Amazon.com 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 transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 25,012,284 shares of company stock worth $5,656,976,492 in the last ninety days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $6.89 on Friday, hitting $228.84. The company's stock had a trading volume of 37,264,095 shares, compared to its average volume of 46,830,960. The company has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a fifty day moving average price of $222.63 and a 200-day moving average price of $208.07.

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

Amazon.com 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.