Principle Wealth Partners LLC Boosts Stake in Amazon.com, Inc. $AMZN

Key Points

• Principle Wealth Partners LLC increased its stake in Amazon.com, acquiring an additional 1,301 shares, bringing their total ownership to 152,084 shares valued at approximately $28.93 million.
• Amazon.com reported earnings per share of $1.68 for the last quarter, exceeding analysts' expectations of $1.31, and achieved revenue of $167.70 billion, surpassing the projected $161.80 billion.
• Insider trading activity included Jeffrey P. Bezos selling 2,643,142 shares for over $609 million, representing a 0.30% decrease in his ownership of Amazon stock.

Principle Wealth Partners LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 152,084 shares of the e-commerce giant's stock after purchasing an additional 1,301 shares during the quarter. Amazon.com makes up 2.1% of Principle Wealth Partners LLC's portfolio, making the stock its 8th biggest position. Principle Wealth Partners LLC's holdings in Amazon.com were worth $28,936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Amazon.com in the 4th quarter worth about $27,266,582,000. GAMMA Investing LLC boosted its stake in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Capital World Investors grew its holdings in Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Capital International Investors increased its stake in shares of Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings 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 valued at $21,297,564,000 after purchasing an additional 11,926,749 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

AMZN has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Pivotal Research raised their price target on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 1st. Royal Bank Of Canada upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. 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. Finally, Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $262.87.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 25,012,284 shares of company stock worth $5,656,976,492 in the last quarter. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Amazon.com stock traded up $6.89 during mid-day trading on Friday, reaching $228.84. 37,264,095 shares of the stock traded hands, compared to its average volume of 46,830,960. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The stock has a market capitalization of $2.44 trillion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. 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 business's 50-day moving average is $222.63 and its 200-day moving average is $208.07.

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. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

About Amazon.com

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.