CX Institutional Raises Holdings in Amazon.com, Inc. $AMZN

Key Points

• CX Institutional increased its holdings in Amazon.com by 17.6% during Q2, acquiring an additional 20,430 shares to reach a total of 136,372 shares valued at approximately $29.9 million.
• Amazon.com reported earnings of $1.68 per share for the last quarter, exceeding expectations of $1.31, with a revenue increase of 13.3% year-over-year.
• Several analysts have raised their target prices for Amazon.com, with a consensus target now at $266.26, indicating a generally positive outlook for the stock.

CX Institutional lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 136,372 shares of the e-commerce giant's stock after acquiring an additional 20,430 shares during the period. Amazon.com makes up approximately 1.0% of CX Institutional's investment portfolio, making the stock its 24th largest holding. CX Institutional's holdings in Amazon.com were worth $29,919,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Meyer Handelman Co. grew its stake in shares of Amazon.com by 0.7% during the second quarter. Meyer Handelman Co. now owns 329,727 shares of the e-commerce giant's stock worth $72,339,000 after acquiring an additional 2,324 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of Amazon.com by 3.4% during the second quarter. Bank Pictet & Cie Europe AG now owns 1,981,517 shares of the e-commerce giant's stock worth $434,725,000 after acquiring an additional 65,612 shares during the last quarter. Traveka Wealth LLC grew its stake in shares of Amazon.com by 1.7% during the second quarter. Traveka Wealth LLC now owns 14,243 shares of the e-commerce giant's stock worth $3,125,000 after acquiring an additional 239 shares during the last quarter. Morangie Management LLC grew its stake in shares of Amazon.com by 5.2% during the second quarter. Morangie Management LLC now owns 52,478 shares of the e-commerce giant's stock worth $11,513,000 after acquiring an additional 2,596 shares during the last quarter. Finally, Fischer Financial Services Inc. lifted its holdings in shares of Amazon.com by 1.5% during the second quarter. Fischer Financial Services Inc. now owns 33,003 shares of the e-commerce giant's stock worth $7,207,000 after purchasing an additional 480 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 0.4%

Shares of AMZN stock opened at $221.78 on Wednesday. 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 company has a market cap of $2.37 trillion, a price-to-earnings ratio of 33.81, a PEG ratio of 1.48 and a beta of 1.28. The stock has a 50 day simple moving average of $226.13 and a 200-day simple moving average of $211.48. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year 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 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 19,872 shares of the company'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 transaction of $4,403,237.76. Following the completion of the transaction, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. This represents a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,313,335 shares of company stock valued at $4,164,795,815. Corporate insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AMZN shares. Cantor Fitzgerald lifted their target price on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Evercore ISI reaffirmed an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a report on Wednesday, August 13th. Wall Street Zen raised Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Cowen reaffirmed a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $266.26.

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.

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