Crestwood Advisors Group LLC Has $180.15 Million Holdings in Amazon.com, Inc. $AMZN

Key Points

• Crestwood Advisors Group LLC increased its holdings in Amazon.com, Inc. by 0.5%, making it their 4th largest position, valued at approximately $180.15 million.
• Insider sales include CEO Douglas J. Herrington selling 4,784 shares and Jeff Bezos selling over 2.6 million shares, with the latter representing a 0.30% decrease in his ownership.
• Analyst ratings are predominantly positive, with two firms issuing a "strong-buy" and the consensus target price for Amazon shares currently at $262.87.

Crestwood Advisors Group LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 946,875 shares of the e-commerce giant's stock after purchasing an additional 4,537 shares during the quarter. Amazon.com makes up approximately 3.4% of Crestwood Advisors Group LLC's holdings, making the stock its 4th biggest holding. Crestwood Advisors Group LLC's holdings in Amazon.com were worth $180,152,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after acquiring an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after acquiring an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after acquiring an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE boosted its stake in Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new position in Amazon.com during the 4th quarter worth approximately $2,153,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMZN. Evercore ISI reissued an "outperform" rating and set a $280.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Stifel Nicolaus raised their target price on shares of Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Cowen restated a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Finally, Citizens Jmp assumed coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating on the stock. Two investment 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $262.87.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 25,012,284 shares of company stock worth $5,656,976,492 in the last 90 days. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Up 3.0%

Shares of NASDAQ AMZN traded up $6.6690 during midday trading on Friday, reaching $228.6190. The company's stock had a trading volume of 23,563,066 shares, compared to its average volume of 44,459,570. 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 fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.82, a PEG ratio of 1.51 and a beta of 1.31. The stock has a 50 day simple moving average of $222.30 and a 200-day simple moving average of $208.35.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business 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 firm's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Company 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.