Amazon.com, Inc. $AMZN Shares Acquired by Harvest Fund Management Co. Ltd

Key Points

• Harvest Fund Management increased its holdings in Amazon.com by 1.7% to own 532,269 shares, valued at approximately $101.3 million, making it the fund's fourth largest position.
• Amazon's latest quarterly earnings showed EPS of $1.68, exceeding expectations of $1.31, with revenues of $167.7 billion, a 13.3% increase year-over-year.
• Analysts have raised their target prices for Amazon, with Royal Bank of Canada and Scotiabank setting new targets of $240 and $275, respectively, reflecting strong market confidence.

Harvest Fund Management Co. Ltd grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 532,269 shares of the e-commerce giant's stock after acquiring an additional 8,951 shares during the quarter. Amazon.com accounts for approximately 5.1% of Harvest Fund Management Co. Ltd's holdings, making the stock its 4th biggest holding. Harvest Fund Management Co. Ltd's holdings in Amazon.com were worth $101,264,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AMZN. LSV Asset Management purchased a new position in Amazon.com during the 4th quarter valued at $35,000. Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% in the fourth 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 during the last quarter. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter worth about $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the 1st quarter valued at about $40,000. Finally, Capitol Family Office Inc. bought a new position in Amazon.com during the 1st quarter valued at about $42,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. Robert W. Baird increased their target price on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Barclays raised their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Needham & Company LLC reissued a "buy" rating and issued a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $265.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. Finally, Jefferies Financial Group boosted their target price on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $262.87.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $3.66 during midday trading on Tuesday, reaching $225.34. 38,732,076 shares of the stock were exchanged, compared to its average volume of 33,878,940. The firm has a market cap of $2.40 trillion, a price-to-earnings ratio of 34.35, a PEG ratio of 1.54 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm has a 50-day simple moving average of $224.91 and a two-hundred day simple moving average of $207.92. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the firm posted $1.26 EPS. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 25,095,411 shares of company stock valued at $5,675,473,849. Insiders own 10.80% 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.