Orca Wealth Management LLC Takes $209,000 Position in Amazon.com, Inc. $AMZN

Key Points

• Orca Wealth Management LLC has acquired a new stake in Amazon.com, Inc. valued at approximately $209,000, purchasing 1,098 shares in the first quarter.
• Several institutional investors have increased their stakes in Amazon, with 72.20% of the stock currently owned by such entities, indicating strong institutional interest.
• Amazon recently reported $1.68 EPS for the quarter, surpassing estimates, and the company's revenue was $167.70 billion, up 13.3% year-over-year.

Orca Wealth Management LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,098 shares of the e-commerce giant's stock, valued at approximately $209,000.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter worth approximately $35,000. Perritt Capital Management Inc boosted its holdings in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Cooksen Wealth LLC bought a new stake in Amazon.com during the first quarter worth approximately $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter worth approximately $40,000. Finally, Capitol Family Office Inc. bought a new stake in Amazon.com during the first quarter worth approximately $42,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMZN. Citizens Jmp began coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating for the company. Wells Fargo & Company raised their target price on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Susquehanna raised their target price on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Benchmark restated a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Oppenheimer reduced their price target on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research report on Friday, August 1st. Two investment 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 stock. According to data from MarketBeat, Amazon.com has a consensus rating of "Buy" and an average price target of $262.87.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction dated 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 sale, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 25,097,911 shares of company stock worth $5,675,986,299. Insiders own 9.70% of the company's stock.

Amazon.com Stock Down 1.1%

Amazon.com stock opened at $229.00 on Friday. The company has a market capitalization of $2.44 trillion, a P/E ratio of 34.91, a P/E/G ratio of 1.55 and a beta of 1.31. The firm's fifty day simple moving average is $224.25 and its 200-day simple moving average is $208.10. 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 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.