Glenview Trust co Grows Stake in Amazon.com, Inc. $AMZN

Key Points

• Glenview Trust Co increased its stake in Amazon.com, Inc. by 2.3% during Q1, owning 599,159 shares valued at approximately $114 million, representing 2.2% of its total holdings.
• Multiple analysts recently raised their price target for Amazon, with the average now sitting at $262.87 and a consensus rating of "Buy."
• Insider Jeffrey P. Bezos sold over 4.2 million shares of Amazon stock for nearly $961 million, reducing his stake by 0.47% but retaining ownership of approximately 897 million shares.

Glenview Trust co grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 599,159 shares of the e-commerce giant's stock after buying an additional 13,250 shares during the quarter. Amazon.com accounts for approximately 2.2% of Glenview Trust co's holdings, making the stock its 8th largest position. Glenview Trust co's holdings in Amazon.com were worth $113,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the fourth quarter valued at about $25,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the 1st quarter worth approximately $40,000. Capitol Family Office Inc. bought a new position in shares of Amazon.com in the 1st quarter worth approximately $42,000. Finally, Harbor Investment Advisory LLC lifted its stake in shares of Amazon.com by 0.7% in the 1st 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 period. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $2.43 during trading hours on Wednesday, reaching $231.62. The company's stock had a trading volume of 42,648,898 shares, compared to its average volume of 33,471,536. The firm has a 50 day moving average price of $227.51 and a 200-day moving average price of $209.05. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. 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 stock has a market cap of $2.47 trillion, a P/E ratio of 35.31, a P/E/G ratio of 1.56 and a beta of 1.30.

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, topping 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 firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the firm posted $1.26 EPS. The business's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other 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 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 document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. Insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AMZN shares. Rosenblatt Securities increased their price target on shares of Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Needham & Company LLC restated a "buy" rating and set a $265.00 target price on shares of Amazon.com in a research note on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Amazon.com in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average 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.