Kovack Advisors Inc. Has $25.40 Million Position in Amazon.com, Inc. $AMZN

Key Points

• Kovack Advisors Inc. reduced its position in Amazon.com, Inc. by 9.5% during the first quarter, now holding shares worth $25.40 million, which makes up about 2.7% of their portfolio.
• Analysts have raised their price targets for Amazon.com, with Truist Financial increasing their price objective to $250.00 and BMO Capital Markets to $280.00, reflecting a strong bullish sentiment.
• Amazon.com reported earnings per share (EPS) of $1.68 for the last quarter, exceeding estimates, while quarterly revenue increased by 13.3% year-over-year.

Kovack Advisors Inc. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 133,522 shares of the e-commerce giant's stock after selling 14,025 shares during the quarter. Amazon.com comprises about 2.7% of Kovack Advisors Inc.'s portfolio, making the stock its 4th biggest position. Kovack Advisors Inc.'s holdings in Amazon.com were worth $25,404,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its stake in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after buying an additional 1,725,664 shares during the period. Geode Capital Management LLC raised its stake in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after buying an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after buying an additional 4,087,933 shares during the period. Norges Bank purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $27,266,582,000. Finally, Northern Trust Corp raised its stake in shares of Amazon.com by 14.0% in the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after purchasing an additional 11,926,749 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on AMZN shares. Truist Financial increased their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Wall Street Zen raised Amazon.com from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. BMO Capital Markets increased their price objective on Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Telsey Advisory Group reissued an "outperform" rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. increased their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" 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 two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com Stock Performance

Shares of AMZN stock traded up $6.89 during trading on Friday, hitting $228.84. The company's stock had a trading volume of 37,264,095 shares, compared to its average volume of 46,830,960. The company has a market cap of $2.44 trillion, a PE ratio of 34.88, a P/E/G ratio of 1.49 and a beta of 1.31. 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 business has a fifty day moving average of $222.63 and a 200-day moving average of $208.26. 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 released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (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 analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's 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 directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 25,012,284 shares of company stock valued at $5,656,976,492 over the last three months. Corporate 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.