IQ EQ FUND MANAGEMENT IRELAND Ltd Increases Stock Position in Amazon.com, Inc. $AMZN

Key Points

• IQ EQ FUND MANAGEMENT IRELAND Ltd has significantly increased its stake in Amazon.com, Inc. by 78.6%, now owning 14,274 shares valued at approximately $2.716 million.
• American equities analysts have generally optimistic views on Amazon, with numerous firms raising their price targets, including Deutsche Bank, which increased its target from $230 to $266.
• Amazon.com reported a strong quarterly performance, with earnings per share of $1.68, beating estimates, and revenue of $167.70 billion, a 13.3% increase year-over-year.

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 78.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,274 shares of the e-commerce giant's stock after acquiring an additional 6,282 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Amazon.com were worth $2,716,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Tiller Private Wealth Inc. grew its position in Amazon.com by 11.0% during the first quarter. Tiller Private Wealth Inc. now owns 11,012 shares of the e-commerce giant's stock valued at $2,095,000 after acquiring an additional 1,093 shares during the last quarter. Probity Advisors Inc. increased its stake in shares of Amazon.com by 3.1% in the first quarter. Probity Advisors Inc. now owns 12,112 shares of the e-commerce giant's stock worth $2,304,000 after buying an additional 367 shares during the period. Empire Life Investments Inc. raised its holdings in Amazon.com by 5.8% during the 1st quarter. Empire Life Investments Inc. now owns 367,013 shares of the e-commerce giant's stock valued at $69,828,000 after buying an additional 20,089 shares during the last quarter. ING Groep NV boosted its position in Amazon.com by 80.8% during the 1st quarter. ING Groep NV now owns 1,529,631 shares of the e-commerce giant's stock valued at $291,028,000 after buying an additional 683,468 shares during the period. Finally, Earned Wealth Advisors LLC boosted its position in Amazon.com by 56.0% during the 1st quarter. Earned Wealth Advisors LLC now owns 30,638 shares of the e-commerce giant's stock valued at $5,829,000 after buying an additional 11,000 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 1.4%

NASDAQ:AMZN traded down $3.35 during trading hours on Friday, hitting $232.33. The company had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. The company has a market capitalization of $2.48 trillion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. The stock has a 50-day moving average price of $225.74 and a 200 day moving average price of $208.13. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. 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 (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 for the quarter, beating 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 firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Piper Sandler increased their price target on shares of Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research report on Friday, June 27th. Wall Street Zen raised shares of Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Stifel Nicolaus increased their price target on shares of Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Two 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. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $262.87.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction 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 trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 25,097,911 shares of company stock worth $5,676,032,574 over the last ninety days. Company 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.