Blueshift Asset Management LLC Buys New Position in Amazon.com, Inc. $AMZN

Blueshift Asset Management LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,769 shares of the e-commerce giant's stock, valued at approximately $1,098,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. LSV Asset Management acquired a new position in Amazon.com during the fourth quarter worth about $35,000. Cooksen Wealth LLC purchased a new position in Amazon.com in the 1st quarter worth about $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com during the 1st quarter valued at about $40,000. Capitol Family Office Inc. purchased a new position in Amazon.com during the 1st quarter valued at about $42,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in Amazon.com during the 1st quarter valued at about $59,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMZN. Citizens Jmp initiated coverage on Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating for the company. Cantor Fitzgerald boosted their price objective on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Morgan Stanley reiterated an "overweight" rating and issued a $300.00 price target on shares of Amazon.com in a research report on Thursday, August 14th. DA Davidson upped their price target on Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of "Buy" and a consensus price target of $262.87.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 25,095,411 shares of company stock valued at $5,675,473,849. 9.70% of the stock is owned by insiders.

Amazon.com Stock Up 3.8%

AMZN stock traded up $8.53 during mid-day trading on Thursday, reaching $234.52. The company had a trading volume of 36,443,946 shares, compared to its average volume of 43,816,934. 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 stock has a 50 day simple moving average of $225.19 and a two-hundred day simple moving average of $208.04. The company has a market capitalization of $2.50 trillion, a price-to-earnings ratio of 35.73, a PEG 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 issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the company posted $1.26 EPS. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.