Douglas Lane & Associates LLC Acquires 110,881 Shares of Amazon.com, Inc. $AMZN

Key Points

• Douglas Lane & Associates LLC increased its stake in Amazon.com, Inc. by 43.2%, holding a total of 367,530 shares worth approximately $80.6 million.
• Several analysts have upgraded Amazon's stock ratings, with Moffett Nathanson raising their price target to $253 and Bank of America setting a target at $272, reflecting strong investor confidence.
• Amazon.com reported earnings of $1.68 per share for the last quarter, exceeding estimates by $0.37, with revenue reaching $167.7 billion.

Douglas Lane & Associates LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 43.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,530 shares of the e-commerce giant's stock after purchasing an additional 110,881 shares during the quarter. Amazon.com comprises approximately 1.2% of Douglas Lane & Associates LLC's portfolio, making the stock its 24th largest holding. Douglas Lane & Associates LLC's holdings in Amazon.com were worth $80,632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. TruWealth Advisors LLC raised its position in Amazon.com by 2.6% in the second quarter. TruWealth Advisors LLC now owns 182,140 shares of the e-commerce giant's stock valued at $39,960,000 after purchasing an additional 4,659 shares during the period. RB Capital Management LLC increased its holdings in Amazon.com by 3.7% in the second quarter. RB Capital Management LLC now owns 45,475 shares of the e-commerce giant's stock valued at $9,977,000 after buying an additional 1,630 shares in the last quarter. RDA Financial Network grew its position in shares of Amazon.com by 1.9% in the second quarter. RDA Financial Network now owns 51,463 shares of the e-commerce giant's stock valued at $11,291,000 after purchasing an additional 981 shares during the last quarter. Trinity Financial Advisors LLC raised its holdings in Amazon.com by 111.0% in the 2nd quarter. Trinity Financial Advisors LLC now owns 14,322 shares of the e-commerce giant's stock valued at $3,142,000 after acquiring an additional 7,534 shares during the last quarter. Finally, Arvest Investments Inc. lifted its position in Amazon.com by 145.3% during the second quarter. Arvest Investments Inc. now owns 17,540 shares of the e-commerce giant's stock worth $3,848,000 after buying an additional 10,389 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares of the company's stock, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction dated 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 directly owned 49,000 shares in the company, 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 have sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 over the last 90 days. 9.70% of the stock is currently owned by company insiders.

Amazon.com Trading Up 0.1%

NASDAQ:AMZN traded up $0.25 during mid-day trading on Friday, hitting $231.48. The company had a trading volume of 97,793,456 shares, compared to its average volume of 34,071,644. 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, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm has a market cap of $2.47 trillion, a P/E ratio of 35.29, a P/E/G ratio of 1.55 and a beta of 1.30. The business's fifty day moving average is $227.81 and its two-hundred day moving average is $209.43.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMZN shares. Oppenheimer decreased their price target on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a research note on Friday, June 27th. Cantor Fitzgerald lifted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. JMP Securities restated a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Finally, Piper Sandler raised their price target on shares of Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $263.30.

About Amazon.com

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.