Ironwood Investment Counsel LLC Acquires 5,073 Shares of Amazon.com, Inc. $AMZN

Key Points

• Ironwood Investment Counsel LLC increased its stake in Amazon.com, Inc. to $12.87 million, accounting for 2.2% of its portfolio.
• Insider Jeffrey P. Bezos sold over 4 million shares of Amazon, reducing his ownership by 0.47% and raising nearly $961 million from the transaction.
• Equities analysts have raised their price targets for Amazon, with a consensus price target now set at $262.87 and a "Buy" rating from most analysts.

Ironwood Investment Counsel LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,650 shares of the e-commerce giant's stock after acquiring an additional 5,073 shares during the quarter. Amazon.com accounts for 2.2% of Ironwood Investment Counsel LLC's holdings, making the stock its 5th biggest position. Ironwood Investment Counsel LLC's holdings in Amazon.com were worth $12,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at approximately $25,000. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com in the first quarter worth approximately $40,000. Capitol Family Office Inc. purchased a new position in Amazon.com in the first quarter worth approximately $42,000. Finally, Harbor Investment Advisory LLC grew its position in Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 2,145 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AMZN shares. BMO Capital Markets lifted their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Citizens Jmp started coverage on shares of Amazon.com in a research note on Thursday, July 10th. They issued a "strong-buy" rating for the company. Evercore ISI reissued an "outperform" rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. HSBC raised their price objective on shares of Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Finally, Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the company a "buy" rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Buy" and an average target price of $262.87.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on 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 directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. Insiders own 9.70% of the company's stock.

Amazon.com Stock Down 1.4%

Amazon.com stock traded down $3.35 during trading on Friday, reaching $232.33. The stock had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. The stock has a market cap of $2.48 trillion, a PE ratio of 35.42, a P/E/G ratio of 1.56 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The business has a 50 day moving average price of $225.74 and a 200 day moving average price of $208.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping 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 company's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current 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.