McClarren Financial Advisors Inc. Acquires New Shares in Amazon.com, Inc. $AMZN

Key Points

• McClarren Financial Advisors Inc. invested approximately $459,000 in Amazon.com, purchasing 2,411 shares in the first quarter.
• Amazon's recent quarterly earnings showed a 13.3% increase in revenue year-over-year, with earnings per share surpassing estimates at $1.68.
• Analysts have raised their price targets for Amazon, with several firms setting targets between $250.00 and $300.00 following positive performance indicators.

McClarren Financial Advisors Inc. purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,411 shares of the e-commerce giant's stock, valued at approximately $459,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ranch Capital Advisors Inc. grew its position in shares of Amazon.com by 0.8% in the first quarter. Ranch Capital Advisors Inc. now owns 12,348 shares of the e-commerce giant's stock valued at $2,349,000 after purchasing an additional 104 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in shares of Amazon.com by 19.4% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 14,288 shares of the e-commerce giant's stock valued at $2,718,000 after purchasing an additional 2,322 shares during the last quarter. Syntegra Private Wealth Group LLC grew its position in shares of Amazon.com by 6.3% in the first quarter. Syntegra Private Wealth Group LLC now owns 15,718 shares of the e-commerce giant's stock valued at $2,991,000 after purchasing an additional 926 shares during the last quarter. Farrow Financial Inc. grew its position in Amazon.com by 12.8% during the first quarter. Farrow Financial Inc. now owns 1,163 shares of the e-commerce giant's stock worth $221,000 after buying an additional 132 shares in the last quarter. Finally, Empower Advisory Group LLC grew its position in Amazon.com by 0.3% during the first quarter. Empower Advisory Group LLC now owns 1,570,327 shares of the e-commerce giant's stock worth $298,770,000 after buying an additional 4,191 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMZN. Oppenheimer decreased their target price on Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Citigroup reaffirmed an "overweight" rating on shares of Amazon.com in a report on Wednesday, August 13th. Bank of America upped their price objective on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Wells Fargo & Company upped their price objective on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Finally, Robert W. Baird upped their price objective on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. 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 data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $262.87.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, 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 Price Performance

Shares of AMZN traded down $3.35 on Friday, hitting $232.33. The company's stock 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 PEG ratio of 1.58 and a beta of 1.30. 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, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The company has a 50 day moving average price of $225.74 and a 200 day moving average price of $208.13.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the company posted $1.26 EPS. Amazon.com's revenue was up 13.3% on a year-over-year basis. 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 fiscal year.

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.