First Financial Bank Trust Division Buys 2,163 Shares of Amazon.com, Inc. $AMZN

Key Points

• First Financial Bank Trust Division increased its stake in Amazon.com by 3.8% in the second quarter, acquiring an additional 2,163 shares, now totaling 59,176 shares valued at approximately $12.98 million.
• Amazon.com reported a Q2 EPS of $1.68, beating analysts' estimates of $1.31, with quarterly revenue of $167.70 billion, exceeding expectations by $5.90 billion.
• Institutional investors hold 72.20% of Amazon's stock, with several firms recently increasing their positions, indicating strong investor interest in the company.

First Financial Bank Trust Division increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,176 shares of the e-commerce giant's stock after purchasing an additional 2,163 shares during the quarter. Amazon.com accounts for about 1.1% of First Financial Bank Trust Division's investment portfolio, making the stock its 24th largest holding. First Financial Bank Trust Division's holdings in Amazon.com were worth $12,983,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $25,000. Cooksen Wealth LLC bought a new position in Amazon.com during the first quarter worth $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the first quarter worth $40,000. Capitol Family Office Inc. bought a new position in Amazon.com during the first quarter worth $42,000. Finally, Harbor Investment Advisory LLC lifted its stake in Amazon.com by 0.7% during the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after purchasing an additional 2,145 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. Citigroup restated an "overweight" rating on shares of Amazon.com in a research note on Wednesday, August 13th. Scotiabank raised their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Wells Fargo & Company increased their target price on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $263.30.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated 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 $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 over the last quarter. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN traded up $0.25 during trading hours on Friday, reaching $231.48. 97,793,456 shares of the company's stock traded hands, compared to its average volume of 34,071,644. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 1.54 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The business's fifty day simple moving average is $227.81 and its two-hundred day simple moving average is $209.42.

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

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.