Madison Asset Management LLC Purchases 17,203 Shares of Amazon.com, Inc. $AMZN

Key Points

• Madison Asset Management LLC increased its stake in Amazon.com by 2.3%, acquiring an additional 17,203 shares, bringing its total holdings to 758,621 shares valued at approximately $144.3 million.
• Amazon.com recently reported earnings per share (EPS) of $1.68, exceeding analysts' expectations of $1.31, and generated revenue of $167.7 billion for the quarter.
• Insider transactions included Jeff Bezos selling over 2.6 million shares worth about $609 million, reflecting a 0.30% decrease in his ownership of Amazon stock.

Madison Asset Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 758,621 shares of the e-commerce giant's stock after purchasing an additional 17,203 shares during the period. Amazon.com makes up about 1.6% of Madison Asset Management LLC's holdings, making the stock its 11th biggest position. Madison Asset Management LLC's holdings in Amazon.com were worth $144,335,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the 4th quarter valued at $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the 4th quarter valued at $35,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at $40,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 3.1%

AMZN stock traded up $6.89 during trading on Friday, hitting $228.84. 37,264,095 shares of the stock traded hands, compared to its average volume of 46,830,960. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm's 50 day moving average is $222.30 and its two-hundred day moving average is $208.35. The stock has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. 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 announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for 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 business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMZN. Scotiabank upped their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. Westpark Capital reiterated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Tigress Financial upped their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Telsey Advisory Group reiterated an "outperform" rating and set a $265.00 price target on shares of Amazon.com in a report on Wednesday, August 13th. Finally, Benchmark reiterated a "buy" rating and set a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Two equities research 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 has an average rating of "Buy" and a consensus target price of $262.87.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 4,784 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the completion of the transaction, the chief executive officer directly owned 510,255 shares of the company's stock, valued at approximately $118,542,441.60. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,012,284 shares of company stock worth $5,656,976,492. 9.70% of the stock is owned by company insiders.

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.