Carnegie Investment Counsel Has $79.65 Million Holdings in Amazon.com, Inc. $AMZN

Key Points

• Carnegie Investment Counsel increased its stake in Amazon.com, Inc. (AMZN) by 3.5%, acquiring an additional 15,426 shares to reach a total of 454,057, valued at approximately $79.65 million.
• Amazon reported earnings of $1.68 per share for the last quarter, significantly exceeding analysts' expectations of $1.31, while total revenue rose by 13.3% year-over-year to $167.70 billion.
• Insider Jeffrey P. Bezos recently sold over 4.27 million shares of Amazon, decreasing his ownership by 0.47%, which drew attention amidst ongoing insider trading activities within the company.

Carnegie Investment Counsel boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 454,057 shares of the e-commerce giant's stock after buying an additional 15,426 shares during the period. Amazon.com accounts for approximately 1.8% of Carnegie Investment Counsel's holdings, making the stock its 8th largest holding. Carnegie Investment Counsel's holdings in Amazon.com were worth $79,645,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after purchasing an additional 4,087,933 shares in the last quarter. Norges Bank acquired a new position in shares of Amazon.com in the 4th quarter valued at about $27,266,582,000. Finally, Northern Trust Corp lifted its stake in shares of Amazon.com by 14.0% in the 4th 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 owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at $10,914,260. This trade represents a 26.59% 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 $5,675,986,299 over the last ninety days. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Up 0.3%

AMZN stock traded up $0.77 during midday trading on Tuesday, hitting $228.71. 26,053,417 shares of the company's stock were exchanged, compared to its average volume of 47,077,800. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The firm has a 50 day moving average price of $223.15 and a 200-day moving average price of $207.99. The stock has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.86, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31.

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. 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 the consensus estimate of $161.80 billion. During the same period in the previous year, the business earned $1.26 EPS. Amazon.com'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. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMZN shares. Wells Fargo & Company lifted their price objective on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Roth Capital set a $250.00 price target on Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Wedbush boosted their price target on Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Finally, Needham & Company LLC reissued a "buy" rating and set a $265.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $262.87.

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.