Oak Thistle LLC Invests $2.71 Million in Amazon.com, Inc. $AMZN

Key Points

• Oak Thistle LLC invested approximately $2.71 million in Amazon.com, acquiring 14,246 shares during the first quarter.
• Amazon.com's shares traded up 3.1%, reaching $228.84, with a market cap of $2.44 trillion.
• Analysts have set new price targets for Amazon with a consensus target of $262.87 and multiple firms maintaining a "buy" or "outperform" rating.

Oak Thistle LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,246 shares of the e-commerce giant's stock, valued at approximately $2,710,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the 4th quarter worth about $27,000. LSV Asset Management bought a new stake in Amazon.com during the 4th quarter worth about $35,000. Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Cooksen Wealth LLC bought a new stake in Amazon.com during the 1st quarter worth about $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com during the 1st quarter worth about $40,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 3.1%

Shares of NASDAQ:AMZN traded up $6.89 during mid-day trading on Friday, reaching $228.84. The stock had a trading volume of 37,264,095 shares, compared to its average volume of 46,830,960. The firm has a market cap of $2.44 trillion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The firm has a 50 day simple moving average of $222.30 and a two-hundred day simple moving average of $208.35. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

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 for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The business 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%. Amazon.com's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Evercore ISI reissued an "outperform" rating and set a $280.00 price objective on shares of Amazon.com in a report on Wednesday, August 13th. Citizens Jmp began coverage on shares of Amazon.com in a research report on Thursday, July 10th. They set a "strong-buy" rating on the stock. BMO Capital Markets upped their target price on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Canaccord Genuity Group restated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Finally, Susquehanna upped their target price on shares of Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $262.87.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,784 shares of the firm'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 sale, the chief executive officer owned 510,255 shares in the company, valued at $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. Insiders have sold a total of 25,012,284 shares of company stock worth $5,656,976,492 over the last 90 days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Company 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.