CGN Advisors LLC Boosts Stake in Amazon.com, Inc. $AMZN

Key Points

• CGN Advisors LLC increased its stake in Amazon.com by 4.8%, now holding 38,370 shares valued at approximately $8.4 million, making it the firm's 29th largest holding.
• A number of institutional investors, including Brighton Jones LLC and Revolve Wealth Partners LLC, raised their positions in Amazon.com, indicating strong institutional interest in the stock.
• Amazon.com reported earnings of $1.68 per share for the last quarter, surpassing analysts' expectations and showing a 13.3% year-over-year revenue growth with total revenue of $167.70 billion.

CGN Advisors LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,370 shares of the e-commerce giant's stock after purchasing an additional 1,741 shares during the quarter. Amazon.com accounts for 0.8% of CGN Advisors LLC's holdings, making the stock its 29th largest holding. CGN Advisors LLC's holdings in Amazon.com were worth $8,418,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Brighton Jones LLC raised its position in Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after buying an additional 986 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in shares of Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after buying an additional 54,987 shares during the period. Highview Capital Management LLC DE raised its holdings in shares of Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after buying an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at $2,153,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group reiterated a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. DA Davidson boosted their price objective on Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Finally, Zacks Research downgraded Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Three investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $265.09.

Amazon.com Trading Up 0.8%

NASDAQ:AMZN opened at $222.41 on Friday. The stock has a 50-day simple moving average of $226.79 and a 200-day simple moving average of $210.83. The stock has a market cap of $2.37 trillion, a P/E ratio of 33.90, a P/E/G ratio of 1.47 and a beta of 1.28. 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.

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

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction 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 approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 20,842,622 shares of company stock worth $4,731,205,179. 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.

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