Plan Group Financial LLC Has $884,000 Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Plan Group Financial LLC increased its holdings in Amazon.com, Inc. by 242.0% in the first quarter, now owning 4,648 shares valued at approximately $884,000.
• Amazon.com shares are currently down 1.4%, trading at $232.33, with a market capitalization of $2.48 trillion and a PE ratio of 35.42.
• Analyst upgrades have raised Amazon.com's target price, with firms like Deutsche Bank and Scotiabank increasing their targets to $266.00 and $275.00 respectively, while the stock holds an average "Buy" rating.

Plan Group Financial LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 242.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,648 shares of the e-commerce giant's stock after purchasing an additional 3,289 shares during the period. Plan Group Financial LLC's holdings in Amazon.com were worth $884,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the 4th quarter worth $25,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter worth $35,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 1st quarter worth $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter worth $40,000. Finally, Capitol Family Office Inc. acquired a new stake in Amazon.com during the 1st quarter worth $42,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Scotiabank lifted their target price on shares of 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 target on shares of Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Zacks Research lowered shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. UBS Group reissued a "buy" rating and issued a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Finally, BMO Capital Markets boosted their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $262.87.

Amazon.com Stock Down 1.4%

NASDAQ AMZN traded down $3.35 on Friday, reaching $232.33. The company had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. The firm has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.30. 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 1-year low of $161.38 and a 1-year high of $242.52. The company's fifty day moving average is $225.74 and its 200-day moving average is $208.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its 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 firm had revenue of $167.70 billion during 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 period 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 fiscal year.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The shares were 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is currently owned by corporate insiders.

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.