Purkiss Capital Advisors LLC Raises Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Purkiss Capital Advisors LLC increased its stake in Amazon.com, Inc. by 44.7% in Q1, bringing its total shares to 12,785 valued at $2,433,000.
• In recent analyst assessments, two analysts rated Amazon with a Strong Buy, while Zacks lowered its rating to Hold, reflecting diverse opinions on the stock's trajectory.
• Insider **Jeffrey P. Bezos** sold over 4 million shares for approximately $960 million, a move that reduced his ownership by 0.47%.

Purkiss Capital Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 44.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,785 shares of the e-commerce giant's stock after purchasing an additional 3,948 shares during the quarter. Amazon.com makes up 1.8% of Purkiss Capital Advisors LLC's investment portfolio, making the stock its 6th biggest holding. Purkiss Capital Advisors LLC's holdings in Amazon.com were worth $2,433,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $35,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the 1st quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the 1st quarter worth approximately $40,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the topic of several recent research reports. JMP Securities reiterated a "market outperform" rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Cowen reissued a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Wall Street Zen raised shares of Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Tigress Financial upped their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Zacks Research lowered shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $262.87.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 25,097,911 shares of company stock worth $5,675,986,299. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Up 1.1%

NASDAQ AMZN traded up $2.48 during trading hours on Thursday, reaching $231.60. 33,650,159 shares of the company traded hands, compared to its average volume of 46,110,316. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.47 trillion, a PE ratio of 35.30, a PEG ratio of 1.54 and a beta of 1.31. The company has a 50 day moving average of $223.48 and a two-hundred day moving average of $208.13.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the prior year, the firm posted $1.26 EPS. The firm's 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 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.