Ignite Planners LLC Increases Position in Amazon.com, Inc. $AMZN

Key Points

• Ignite Planners LLC increased its holdings in Amazon.com by 35.8% during the 1st quarter, now owning 42,771 shares valued at approximately $8.14 million.
• Several other institutional investors have adjusted their positions in Amazon, with corporate insiders owning 10.80% of the stock and institutional investors holding 72.20%.
• Amazon.com reported earnings of $1.68 EPS, exceeding estimates, and its revenue for the quarter reached $167.70 billion, reflecting a 13.3% year-over-year increase.

Ignite Planners LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 35.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,771 shares of the e-commerce giant's stock after acquiring an additional 11,270 shares during the quarter. Amazon.com accounts for 1.6% of Ignite Planners LLC's holdings, making the stock its 8th largest holding. Ignite Planners LLC's holdings in Amazon.com were worth $8,135,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE grew its stake in shares of Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after purchasing an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $2,153,000. 72.20% of the stock is owned by institutional investors.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 25,012,284 shares of company stock valued at $5,656,976,492 in the last 90 days. 9.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMZN. Citigroup reissued an "overweight" rating on shares of Amazon.com in a research note on Wednesday, August 13th. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Zacks Research cut shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Royal Bank Of Canada upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Two investment 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Performance

AMZN traded up $6.6690 on Friday, hitting $228.6190. The company's stock had a trading volume of 23,563,066 shares, compared to its average volume of 44,459,570. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.44 trillion, a P/E ratio of 34.82, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. The company's 50 day simple moving average is $222.30 and its 200-day simple moving average is $208.35.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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. The business had revenue of $167.70 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current 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.