Bay Rivers Group Buys 1,135 Shares of Amazon.com, Inc. $AMZN

Key Points

• Bay Rivers Group increased its stake in Amazon.com, Inc. by 4.9%, owning 24,250 shares valued at $5,320,000, making it the firm's 15th largest holding.
• Multiple hedge funds have recently bought shares of Amazon, with approximately 72.20% of the stock now owned by institutional investors.
• Amazon reported an EPS of $1.68 for the last quarter, exceeding estimates and reflecting a 13.3% year-over-year revenue growth to $167.70 billion.

Bay Rivers Group lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,250 shares of the e-commerce giant's stock after acquiring an additional 1,135 shares during the quarter. Amazon.com makes up about 2.4% of Bay Rivers Group's holdings, making the stock its 15th biggest holding. Bay Rivers Group's holdings in Amazon.com were worth $5,320,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Riversedge Advisors LLC lifted its position in shares of Amazon.com by 40.5% in the 2nd quarter. Riversedge Advisors LLC now owns 9,529 shares of the e-commerce giant's stock valued at $2,091,000 after acquiring an additional 2,745 shares in the last quarter. Connective Portfolio Management LLC purchased a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $1,207,000. WestHill Financial Advisors Inc. lifted its position in shares of Amazon.com by 1.4% in the 2nd quarter. WestHill Financial Advisors Inc. now owns 9,058 shares of the e-commerce giant's stock valued at $1,987,000 after acquiring an additional 129 shares in the last quarter. Westmount Partners LLC lifted its position in shares of Amazon.com by 2.4% in the 2nd quarter. Westmount Partners LLC now owns 39,503 shares of the e-commerce giant's stock valued at $8,667,000 after acquiring an additional 919 shares in the last quarter. Finally, Beacon Financial Group lifted its position in shares of Amazon.com by 5.5% in the 2nd quarter. Beacon Financial Group now owns 32,456 shares of the e-commerce giant's stock valued at $7,121,000 after acquiring an additional 1,691 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $5.71 during trading hours on Tuesday, hitting $221.93. 39,698,960 shares of the stock were exchanged, compared to its average volume of 43,942,461. 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's 50 day moving average is $227.85 and its 200 day moving average is $209.69. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 33.82, a P/E/G ratio of 1.55 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 (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during 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 quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the sale, the senior vice president directly owned 44,110 shares of the company's stock, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 in the last quarter. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research analyst reports. Zacks Research downgraded shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Needham & Company LLC reiterated a "buy" rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Stifel Nicolaus upped their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. 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. Finally, Cantor Fitzgerald upped their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research note 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. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and an average target price of $263.30.

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.