Phoenix Financial Ltd. Acquires 15,129 Shares of Amazon.com, Inc. $AMZN

Phoenix Financial Ltd. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,486,029 shares of the e-commerce giant's stock after purchasing an additional 15,129 shares during the period. Amazon.com makes up approximately 4.3% of Phoenix Financial Ltd.'s portfolio, making the stock its 2nd biggest holding. Phoenix Financial Ltd.'s holdings in Amazon.com were worth $282,851,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. FMR LLC lifted its stake in shares of Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC lifted its position in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Amazon.com by 2.3% during the 4th 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 acquiring an additional 4,087,933 shares in the last quarter. Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $27,266,582,000. Finally, Northern Trust Corp grew its holdings in shares of Amazon.com by 14.0% in the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after acquiring an additional 11,926,749 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. Scotiabank lifted their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 22nd. Barclays boosted their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Citigroup restated an "overweight" rating on shares of Amazon.com in a report on Wednesday, August 13th. Oppenheimer reduced their price target on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Finally, Wedbush increased their price target on shares of Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Two research 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 data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and a consensus target price of $262.87.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 25,097,911 shares of company stock valued at $5,675,986,299 over the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Up 0.1%

Amazon.com stock traded up $0.15 during trading on Wednesday, reaching $228.86. The company had a trading volume of 12,887,969 shares, compared to its average volume of 44,108,418. The firm has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.92, a PEG ratio of 1.53 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. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The stock's 50 day moving average price is $223.15 and its two-hundred day moving average price is $207.99.

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 (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The business's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.