City National Bank of Florida MSD Raises Stock Holdings in Amazon.com, Inc. $AMZN

City National Bank of Florida MSD boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,601 shares of the e-commerce giant's stock after acquiring an additional 2,041 shares during the quarter. Amazon.com makes up approximately 2.0% of City National Bank of Florida MSD's holdings, making the stock its 7th biggest holding. City National Bank of Florida MSD's holdings in Amazon.com were worth $2,207,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in Amazon.com during the 4th quarter valued at about $35,000. Cooksen Wealth LLC acquired a new position in Amazon.com during the 1st quarter valued at about $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Amazon.com during the 1st quarter valued at about $40,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $221.95 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market capitalization of $2.37 trillion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. The company's 50 day moving average price is $222.30 and its two-hundred day moving average price is $208.35. 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 announced 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. The firm had revenue of $167.70 billion for 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%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AMZN shares. Tigress Financial upped their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. BMO Capital Markets upped their target price on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Citigroup reiterated an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. Morgan Stanley reissued an "overweight" rating and set a $300.00 price objective on shares of Amazon.com in a research note on Thursday, August 14th. Finally, Robert W. Baird lifted their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Buy" and an average price target of $262.87.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,784 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the sale, the chief executive officer owned 510,255 shares in the company, valued at $118,542,441.60. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,012,284 shares of company stock worth $5,656,976,492 over the last 90 days. 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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