Harvest Fund Management Co. Ltd Raises Stake in Amazon.com, Inc. $AMZN

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 boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 532,269 shares of the e-commerce giant's stock after acquiring an additional 8,951 shares during the period. Amazon.com comprises about 5.1% of Harvest Fund Management Co. Ltd's portfolio, making the stock its 4th largest position. Harvest Fund Management Co. Ltd's holdings in Amazon.com were worth $101,264,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at about $25,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter valued at about $35,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at about $40,000. Finally, Perritt Capital Management Inc boosted its holdings in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

NASDAQ:AMZN opened at $229.00 on Friday. 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 price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31. The company has a 50 day moving average price of $224.25 and a 200-day moving average price of $208.10. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $161.80 billion. During the same quarter last year, the company earned $1.26 EPS. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Scotiabank lifted their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, July 22nd. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. HSBC lifted their target price on shares of Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Finally, Truist Financial lifted their target price on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Two investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $262.87.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares of the company's stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock worth $5,675,986,299 over the last 90 days. Corporate insiders own 9.70% 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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