Private Client Services LLC Purchases 3,349 Shares of Amazon.com, Inc. $AMZN

Key Points

• Private Client Services LLC increased its stake in Amazon by 35.9% during the second quarter, adding 3,349 shares and bringing their total to 12,674 shares, valued at approximately $2.78 million.
• Multiple hedge funds have significantly revised their positions in Amazon, with Nuveen LLC acquiring a new stake worth over $11.67 billion and GAMMA Investing LLC increasing its holdings by over 21,420%.
• Analyst price targets for Amazon have been raised by several firms, with an average target price now at $262.87, and the stock receiving a consensus rating of "Buy."

Private Client Services LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 35.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,674 shares of the e-commerce giant's stock after buying an additional 3,349 shares during the quarter. Amazon.com accounts for approximately 1.1% of Private Client Services LLC's investment portfolio, making the stock its 26th biggest holding. Private Client Services LLC's holdings in Amazon.com were worth $2,781,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AMZN. Nuveen LLC bought a new position in shares of Amazon.com during the 1st quarter worth approximately $11,674,091,000. GAMMA Investing LLC raised its holdings in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Northern Trust Corp raised 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 purchasing an additional 11,926,749 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock worth $11,017,657,000 after purchasing an additional 10,176,835 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $2,037,963,000. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of a number of research reports. Robert W. Baird lifted their price target on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Bank of America lifted their price target on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Stifel Nicolaus lifted their price target on shares of Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. BMO Capital Markets boosted their target price 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. Finally, JMP Securities reissued a "market outperform" rating and set a $285.00 target price on shares of Amazon.com in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $262.87.

Amazon.com Stock Up 1.4%

AMZN opened at $231.43 on Tuesday. The company has a fifty day moving average price of $227.03 and a 200-day moving average price of $208.71. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 1.53 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. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly 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. 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 business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 over the last quarter. 10.80% of the stock is 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.

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