PFG Advisors Purchases 9,726 Shares of Amazon.com, Inc. $AMZN

Key Points

• PFG Advisors increased its stake in Amazon.com, Inc. by 15% during the 1st quarter, owning 74,540 shares valued at $14.18 million.
• Amazon's stock is currently valued at $223.81, showing a decline of 1.8% during mid-day trading, with a market capitalization of $2.39 trillion.
• Insider Jeffrey P. Bezos sold 4.27 million shares of Amazon stock, totaling approximately $960.67 million, representing a 0.47% decrease in his holdings.

PFG Advisors increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,540 shares of the e-commerce giant's stock after acquiring an additional 9,726 shares during the period. Amazon.com makes up 0.8% of PFG Advisors' investment portfolio, making the stock its 21st largest holding. PFG Advisors' holdings in Amazon.com were worth $14,182,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Western Wealth Management LLC boosted its stake in Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. bought a new stake in Amazon.com during the fourth quarter worth about $749,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Amazon.com during the first quarter worth about $514,000. Segall Bryant & Hamill LLC boosted its stake in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after acquiring an additional 39,696 shares in the last quarter. Finally, Bearing Point Capital LLC bought a new stake in Amazon.com during the fourth quarter worth about $12,014,000. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMZN. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Cantor Fitzgerald lifted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. Citizens Jmp initiated coverage on shares of Amazon.com in a report on Thursday, July 10th. They issued a "strong-buy" rating for the company. Finally, Oppenheimer decreased their target price on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $262.87.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 4,784 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the completion of the sale, the chief executive officer directly owned 510,255 shares of the company's stock, valued at approximately $118,542,441.60. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company'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 of the company's stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,012,284 shares of company stock valued at $5,656,976,492. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN traded up $6.6690 during mid-day trading on Friday, hitting $228.6190. 23,563,066 shares of the company traded hands, compared to its average volume of 44,459,570. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The stock has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.82, a P/E/G ratio of 1.51 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a 50-day moving average price of $222.30 and a two-hundred day moving average price of $208.35.

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, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The firm's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share 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.