Heritage Wealth Advisors Grows Stake in Amazon.com, Inc. $AMZN

Heritage Wealth Advisors raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,069 shares of the e-commerce giant's stock after purchasing an additional 3,616 shares during the quarter. Heritage Wealth Advisors' holdings in Amazon.com were worth $6,482,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mengis Capital Management Inc. increased its position in shares of Amazon.com by 0.4% during the first quarter. Mengis Capital Management Inc. now owns 40,065 shares of the e-commerce giant's stock valued at $7,623,000 after acquiring an additional 140 shares during the last quarter. Blueshift Asset Management LLC bought a new position in Amazon.com during the first quarter valued at $1,098,000. Commerce Bank boosted its holdings in shares of Amazon.com by 0.3% in the first quarter. Commerce Bank now owns 2,282,106 shares of the e-commerce giant's stock worth $434,193,000 after acquiring an additional 6,673 shares during the period. Hopwood Financial Services Inc. boosted its holdings in shares of Amazon.com by 9.4% in the first quarter. Hopwood Financial Services Inc. now owns 2,491 shares of the e-commerce giant's stock worth $474,000 after acquiring an additional 213 shares during the period. Finally, Moors & Cabot Inc. raised its position in shares of Amazon.com by 4.7% in the first quarter. Moors & Cabot Inc. now owns 223,358 shares of the e-commerce giant's stock worth $42,496,000 after buying an additional 9,996 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMZN shares. Wedbush raised their price target on Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. JMP Securities reissued a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a research note on Friday, August 1st. UBS Group reissued a "buy" rating and issued a $271.00 target price (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Evercore ISI reaffirmed an "outperform" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Wednesday, August 13th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $300.00 price target on shares of Amazon.com in a research report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $262.87.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares of the company's stock, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,095,411 shares of company stock worth $5,675,473,849 over the last three months. 9.70% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Amazon.com stock traded up $8.53 during mid-day trading on Thursday, hitting $234.52. The stock had a trading volume of 36,443,946 shares, compared to its average volume of 43,816,934. The firm's 50 day moving average is $225.19 and its 200 day moving average is $208.04. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The firm has a market capitalization of $2.50 trillion, a P/E ratio of 35.73, a P/E/G ratio of 1.54 and a beta of 1.30. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

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

Amazon.com Company 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.