Farmers & Merchants Investments Inc. Increases Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Farmers & Merchants Investments Inc. increased its stake in Amazon.com, raising its holdings by 10.7% to a total of 150,191 shares worth approximately $32.95 million.
• Analysts have been optimistic about Amazon, with Royal Bank of Canada and Rosenblatt Securities raising their price targets to $240 and $297, respectively, leading to a consensus target price of $265.09.
• In the latest quarter, Amazon reported an earnings per share of $1.68, surpassing expectations, and its revenue grew by 13.3% year-over-year, indicating strong financial performance.

Farmers & Merchants Investments Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,191 shares of the e-commerce giant's stock after buying an additional 14,541 shares during the quarter. Amazon.com accounts for approximately 1.0% of Farmers & Merchants Investments Inc.'s holdings, making the stock its 20th biggest holding. Farmers & Merchants Investments Inc.'s holdings in Amazon.com were worth $32,950,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter valued at $25,000. Carderock Capital Management Inc. purchased a new stake in Amazon.com during the 2nd quarter worth about $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com during the 1st quarter worth about $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com during the 1st quarter worth about $40,000. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com during the 1st quarter worth about $42,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on AMZN shares. Royal Bank Of Canada lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Rosenblatt Securities lifted their price objective on Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Citizens Jmp started coverage on Amazon.com in a research report on Thursday, July 10th. They set a "strong-buy" rating for the company. Zacks Research cut Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, HSBC lifted their price objective on Amazon.com from $256.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $265.09.

Amazon.com Stock Down 1.2%

Shares of NASDAQ:AMZN opened at $219.57 on Wednesday. The stock has a 50-day simple moving average of $227.14 and a 200-day simple moving average of $210.58. The stock has a market capitalization of $2.34 trillion, a P/E ratio of 33.47, a PEG ratio of 1.48 and a beta of 1.30. 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 1 year low of $161.38 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly 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 analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com'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 posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's 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 transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 21,770,485 shares of company stock worth $4,938,795,968. Insiders own 10.80% of the company's stock.

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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