Black Swift Group LLC Has $5.42 Million Position in Amazon.com, Inc. $AMZN

Key Points

• Black Swift Group LLC increased its holdings in Amazon.com by 68.9%, acquiring an additional 11,623 shares in the first quarter, bringing its total to 28,484 shares valued at approximately $5.42 million.
• Insider Jeffrey P. Bezos sold over 2.6 million shares of Amazon stock, worth more than $609 million, reducing his ownership by 0.30%.
• Analyst ratings for Amazon.com show strong optimism, with Pivotal Research raising their price target to $285, reflecting a consensus rating of "Buy" across multiple brokerages.

Black Swift Group LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 68.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 28,484 shares of the e-commerce giant's stock after buying an additional 11,623 shares during the quarter. Amazon.com makes up about 1.2% of Black Swift Group LLC's investment portfolio, making the stock its 17th largest holding. Black Swift Group LLC's holdings in Amazon.com were worth $5,419,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AMZN. Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter valued at about $27,266,582,000. GAMMA Investing LLC raised its stake in shares of Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Capital World Investors raised its stake in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Capital International Investors raised its stake in shares of Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Amazon.com by 14.0% during the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock valued at $21,297,564,000 after purchasing an additional 11,926,749 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 0.3%

NASDAQ AMZN traded down $0.6840 on Tuesday, hitting $227.2560. 2,637,174 shares of the company were exchanged, compared to its average volume of 44,154,266. The company's 50 day moving average price is $222.87 and its 200-day moving average price is $207.84. 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 firm has a market capitalization of $2.42 trillion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results 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 company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the business posted $1.26 EPS. The business's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Barclays boosted their price target on shares of Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Truist Financial boosted their price target on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Westpark Capital reiterated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, Stifel Nicolaus boosted their price target on shares of Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Two 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, the company currently has a consensus rating of "Buy" and a consensus target price of $262.87.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 6,835 shares of the company'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 transaction of $1,514,772.70. Following the completion of the sale, the chief executive officer owned 520,507 shares of the company's stock, valued at $115,354,761.34. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock worth $5,675,986,299 in the last quarter. Corporate insiders own 9.70% of the company's stock.

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.