NorthRock Partners LLC Has $28.17 Million Holdings in Amazon.com, Inc. $AMZN

Key Points

• NorthRock Partners LLC increased its stake in Amazon.com, owning 148,041 shares worth approximately $28.17 million, making it the firm's 19th largest position.
• Notable hedge funds, such as GAMMA Investing LLC and Capital World Investors, have made significant increases in their positions in Amazon, reflecting strong institutional interest.
• Amazon.com reported a better-than-expected earnings of $1.68 per share for the last quarter, surpassing estimates and showing a year-over-year revenue growth of 13.3%.

NorthRock Partners LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,041 shares of the e-commerce giant's stock after acquiring an additional 1,130 shares during the period. Amazon.com accounts for approximately 0.9% of NorthRock Partners LLC's investment portfolio, making the stock its 19th biggest holding. NorthRock Partners LLC's holdings in Amazon.com were worth $28,166,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. SSA Swiss Advisors AG acquired a new position in shares of Amazon.com in the 1st quarter valued at $2,486,000. North Star Asset Management Inc. increased its position in shares of Amazon.com by 1.2% in the 1st quarter. North Star Asset Management Inc. now owns 215,317 shares of the e-commerce giant's stock valued at $40,966,000 after acquiring an additional 2,642 shares during the period. FSB Premier Wealth Management Inc. grew its position in Amazon.com by 16.8% during the 1st quarter. FSB Premier Wealth Management Inc. now owns 7,494 shares of the e-commerce giant's stock worth $1,426,000 after purchasing an additional 1,080 shares during the period. Tower Bridge Advisors grew its position in Amazon.com by 8.1% during the 1st quarter. Tower Bridge Advisors now owns 45,062 shares of the e-commerce giant's stock worth $8,573,000 after purchasing an additional 3,395 shares during the period. Finally, Wooster Corthell Wealth Management Inc. grew its position in Amazon.com by 20.0% during the 1st quarter. Wooster Corthell Wealth Management Inc. now owns 13,285 shares of the e-commerce giant's stock worth $2,528,000 after purchasing an additional 2,216 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.1%

Shares of Amazon.com stock traded down $2.60 during trading hours on Friday, hitting $229.00. The company's stock had a trading volume of 26,167,914 shares, compared to its average volume of 37,773,448. The business has a fifty day moving average of $224.25 and a 200 day moving average of $207.95. The company has a market capitalization of $2.44 trillion, a PE ratio of 34.91, a P/E/G ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. 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 (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, beating analysts' consensus estimates of $1.31 by $0.37. The firm 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 quarter last year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. HSBC increased their price target on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the company a "buy" rating in a research note on Tuesday, July 8th. Oppenheimer decreased their price target on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Bank of America raised their price target on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, DA Davidson raised 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 given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Amazon.com has a consensus rating of "Buy" and an average target price of $262.87.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. The trade was a 23.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the completion of the transaction, the chief executive officer directly owned 520,507 shares in the company, valued at approximately $115,354,761.34. This trade represents a 1.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,097,911 shares of company stock worth $5,675,986,299 over the last 90 days. Corporate insiders own 10.80% 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.