Harrell Investment Partners LLC Raises Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Harrell Investment Partners LLC increased its stake in Amazon.com by 36.1% during Q2, now holding 43,168 shares, worth approximately $9.47 million.
• Amazon reported $1.68 EPS for the last quarter, exceeding estimates by $0.37, and achieved revenue of $167.70 billion, marking a 13.3% year-over-year increase.
• As of now, 72.20% of Amazon's stock is owned by institutional investors, with a majority rating of "Buy" from analysts and a target price averaging around $266.26.

Harrell Investment Partners LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 36.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,168 shares of the e-commerce giant's stock after acquiring an additional 11,461 shares during the quarter. Amazon.com comprises approximately 2.4% of Harrell Investment Partners LLC's investment portfolio, making the stock its 9th biggest holding. Harrell Investment Partners LLC's holdings in Amazon.com were worth $9,471,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Carderock Capital Management Inc. bought a new position in shares of Amazon.com in the 2nd quarter valued at about $27,000. Cooksen Wealth LLC bought a new position in Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter worth $40,000. Maryland Capital Advisors Inc. raised its position in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after acquiring an additional 95 shares during the last quarter. Finally, Capitol Family Office Inc. bought a new stake in shares of Amazon.com during the 1st quarter valued at $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN stock opened at $219.51 on Monday. The stock has a market cap of $2.34 trillion, a P/E ratio of 33.46, a P/E/G ratio of 1.47 and a beta of 1.28. 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 company has a fifty day moving average price of $226.55 and a two-hundred day moving average price of $211.24. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping 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 net margin of 10.54% and a return on equity of 23.84%. Amazon.com's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMZN. Robert W. Baird lifted their price objective on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. DA Davidson boosted their target price on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. BMO Capital Markets upped their price target on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Royal Bank Of Canada lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of "Buy" and an average target price of $266.26.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president directly owned 44,110 shares of the company's stock, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,798,540 shares of company stock valued at $4,273,477,287. Company insiders own 10.80% of the company's stock.

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.

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