Orca Wealth Management LLC Buys Shares of 1,098 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 purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,098 shares of the e-commerce giant's stock, valued at approximately $209,000.

Several other hedge funds also recently added to or reduced their stakes in AMZN. Brighton Jones LLC increased its position in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after buying an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after buying an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE grew its stake in Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after purchasing an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new stake in Amazon.com during the 4th quarter valued at about $2,153,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on AMZN shares. Robert W. Baird boosted their price target on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Royal Bank Of Canada boosted their price target on Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Pivotal Research boosted their price target on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Telsey Advisory Group reiterated an "outperform" rating and set a $265.00 price target on shares of Amazon.com in a research note on Wednesday, August 13th. Finally, BMO Capital Markets upped their target price on Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $262.87.

Insiders Place Their Bets

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 stock was 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 of the company's stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 25,095,411 shares of company stock valued at $5,675,473,849. Corporate insiders own 10.80% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN traded down $3.66 during trading hours on Tuesday, reaching $225.34. The company's stock had a trading volume of 38,732,076 shares, compared to its average volume of 33,878,940. The firm has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 1.54 and a beta of 1.30. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company's 50-day moving average is $224.91 and its two-hundred day moving average is $207.92.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current 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.