J.W. Cole Advisors Inc. Purchases 149,841 Shares of Amazon.com, Inc. $AMZN

J.W. Cole Advisors Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 74.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 350,911 shares of the e-commerce giant's stock after purchasing an additional 149,841 shares during the period. Amazon.com comprises about 2.1% of J.W. Cole Advisors Inc.'s investment portfolio, making the stock its 4th largest position. J.W. Cole Advisors Inc.'s holdings in Amazon.com were worth $66,764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Norges Bank purchased a new stake in shares of Amazon.com during the fourth quarter valued at about $27,266,582,000. GAMMA Investing LLC grew its stake in shares of Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Capital World Investors grew its stake in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares during the period. Vanguard Group Inc. grew its stake in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the period. Finally, Capital International Investors grew its stake in Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after acquiring an additional 12,000,745 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Cantor Fitzgerald raised their price objective on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Rosenblatt Securities boosted their price objective on Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Finally, DA Davidson increased their price target on shares of Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $262.87.

Amazon.com Trading Down 1.7%

AMZN traded down $3.7930 during midday trading on Wednesday, hitting $224.2170. The company's stock had a trading volume of 19,696,742 shares, compared to its average volume of 44,564,785. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.39 trillion, a P/E ratio of 34.19, a PEG ratio of 1.56 and a beta of 1.31. The firm has a 50-day moving average price of $221.91 and a two-hundred day moving average price of $208.35. 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 posted its quarterly earnings results 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 company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,784 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the transaction, the chief executive officer directly owned 510,255 shares of the company's stock, valued at approximately $118,542,441.60. The trade was a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the transaction, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,025,854 shares of company stock valued at $5,659,723,195 in the last quarter. Company insiders own 10.80% of the company's stock.

Amazon.com 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.