Park National Corp OH Acquires 17,507 Shares of Amazon.com, Inc. $AMZN

Key Points

• Park National Corp OH increased its holdings in Amazon.com, Inc. by 9.7% during Q2, bringing their total shares to 197,520, valued at approximately $43.33 million.
• Amazon's recent earnings report revealed an EPS of $1.68, exceeding expectations, along with revenue of $167.70 billion for the quarter, reflecting a 13.3% increase year-over-year.
• Analysts maintain a consensus buy rating on Amazon.com shares, with price targets ranging from $256.00 to $285.00, indicating strong confidence in the company's future performance.

Park National Corp OH increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 197,520 shares of the e-commerce giant's stock after acquiring an additional 17,507 shares during the quarter. Amazon.com makes up approximately 1.4% of Park National Corp OH's holdings, making the stock its 14th biggest holding. Park National Corp OH's holdings in Amazon.com were worth $43,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after buying an additional 8,913,959 shares during the period. Northern Trust Corp boosted its stake in Amazon.com by 0.3% during the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock valued at $18,527,354,000 after purchasing an additional 302,858 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Amazon.com by 14.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,975,984 shares of the e-commerce giant's stock valued at $14,474,471,000 after purchasing an additional 8,142,030 shares during the period. Nuveen LLC acquired a new position in Amazon.com during the 1st quarter valued at about $11,674,091,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Amazon.com by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant's stock valued at $11,461,952,000 after purchasing an additional 605,415 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 0.1%

Amazon.com stock traded up $0.25 during trading hours on Friday, hitting $231.48. The company had a trading volume of 97,793,456 shares, compared to its average volume of 34,071,644. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 1.54 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. The firm's fifty day moving average is $227.81 and its 200-day moving average is $209.42. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMZN. Moffett Nathanson upped their price target on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. BMO Capital Markets boosted their target price on shares of Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. JMP Securities reiterated a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Pivotal Research boosted their target price on shares of Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a 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 given a Hold rating to the company. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Buy" and a consensus target price of $263.30.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction dated 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 owned 44,110 shares of the company's stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is currently owned by corporate insiders.

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.