Amazon.com, Inc. $AMZN Holdings Boosted by Patten & Patten Inc. TN

Key Points

• Patten & Patten Inc. increased its holdings in Amazon.com, Inc. by 6.3%, bringing their total to $7.94 million worth of stock as of the latest SEC filing.
• Amazon's insider Jeffrey P. Bezos sold over 4.2 million shares for approximately $960.67 million, reducing his ownership by 0.47%.
• Several analysts have recently adjusted their price targets for Amazon, with estimates ranging from $260 to $300, indicating a generally positive outlook on the stock.

Patten & Patten Inc. TN raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,742 shares of the e-commerce giant's stock after acquiring an additional 2,457 shares during the period. Patten & Patten Inc. TN's holdings in Amazon.com were worth $7,942,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMZN. FMR LLC boosted its position in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after buying an additional 1,725,664 shares during the period. Geode Capital Management LLC boosted its position in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after buying an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after buying an additional 4,087,933 shares during the period. Northern Trust Corp boosted its position in shares of Amazon.com by 14.0% during the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after buying an additional 11,926,749 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Amazon.com by 14.1% during the fourth 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 worth $14,474,471,000 after buying an additional 8,142,030 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMZN. Stifel Nicolaus boosted their price objective on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective for the company in a research report on Friday, June 27th. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $265.00 target price on shares of Amazon.com in a report on Wednesday, August 13th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $262.87.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 25,095,411 shares of company stock valued at $5,675,473,849 over the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $2.60 during trading on Monday, hitting $229.00. The company had a trading volume of 26,167,914 shares, compared to its average volume of 37,773,448. The company has a market cap of $2.44 trillion, a P/E ratio of 34.91, a PEG ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The business's 50-day moving average is $224.66 and its 200 day moving average is $207.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for 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%.The firm's revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.