Howland Capital Management LLC Buys 66,937 Shares of Amazon.com, Inc. $AMZN

Key Points

• Howland Capital Management LLC has significantly increased its stake in Amazon.com, Inc., raising its ownership by 91.2% to approximately 140,331 shares, valued at $26.70 million.
• A notable insider transaction occurred when CEO Andrew Jassy sold 19,872 shares on August 21st, reducing his holdings by 0.90% to over 2.17 million shares.
• Analysts remain optimistic about Amazon's stock, with a consensus target price of $262.87 and multiple brokerages issuing ratings ranging from "equal weight" to "buy".

Howland Capital Management LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 91.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 140,331 shares of the e-commerce giant's stock after acquiring an additional 66,937 shares during the quarter. Amazon.com accounts for about 1.2% of Howland Capital Management LLC's investment portfolio, making the stock its 29th largest position. Howland Capital Management LLC's holdings in Amazon.com were worth $26,699,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth about $35,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 1st quarter worth about $36,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the 1st quarter worth about $40,000. Capitol Family Office Inc. purchased a new position in shares of Amazon.com in the 1st quarter worth about $42,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Amazon.com in the 1st quarter worth about $59,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on 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 owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 25,095,411 shares of company stock valued at $5,675,473,849. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AMZN shares. Zacks Research cut Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Wells Fargo & Company upped their price objective on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Evercore ISI reiterated an "outperform" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Wednesday, August 13th. Truist Financial upped their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Stifel Nicolaus upped their price objective on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and an average price target of $262.87.

Amazon.com Trading Down 0.2%

AMZN traded down $0.54 during midday trading on Wednesday, reaching $224.80. 15,262,786 shares of the company's stock traded hands, compared to its average volume of 43,779,773. The firm has a fifty day moving average of $224.91 and a two-hundred day moving average of $207.92. The stock has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 34.27, a P/E/G ratio of 1.54 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

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

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.