First Foundation Advisors Has $65.77 Million Stake in Amazon.com, Inc. $AMZN

Key Points

• First Foundation Advisors decreased its stake in Amazon.com by 6.3% during the 1st quarter, now holding $65.77 million in shares, which represent 2.7% of its total portfolio.
• Amazon.com reported earnings of $1.68 per share, surpassing estimates, with revenue of $167.70 billion, reflecting a 13.3% year-over-year increase.
• Analysts have significantly raised their price targets for Amazon, with DA Davidson adjusting their target from $230 to $265 and Pivotal Research raising theirs from $260 to $285.

First Foundation Advisors cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 345,692 shares of the e-commerce giant's stock after selling 23,241 shares during the quarter. Amazon.com makes up 2.7% of First Foundation Advisors' portfolio, making the stock its 9th largest holding. First Foundation Advisors' holdings in Amazon.com were worth $65,771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Cooksen Wealth LLC bought a new position in Amazon.com in the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com in the 1st quarter worth approximately $40,000. Finally, Capitol Family Office Inc. bought a new position in Amazon.com in the 1st quarter worth approximately $42,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

NASDAQ AMZN opened at $229.00 on Friday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock's 50-day moving average is $224.25 and its two-hundred day moving average is $208.10. 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 firm has a market cap of $2.44 trillion, a P/E ratio of 34.91, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate 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 business's 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. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMZN. DA Davidson increased their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Pivotal Research raised their price objective on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Cowen reissued a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Citigroup reissued an "overweight" rating on shares of Amazon.com in a research note on Wednesday, August 13th. Finally, BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $262.87.

Insider Activity at Amazon.com

In other 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 value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 25,097,911 shares of company stock valued at $5,675,986,299 in the last 90 days. Insiders own 9.70% of the company's stock.

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.

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