Amazon.com, Inc. $AMZN Shares Purchased by RB Capital Management LLC

Key Points

• RB Capital Management LLC has increased its holdings in Amazon.com, Inc. by 3.7%, now owning 45,475 shares worth approximately $9.98 million, making it the fund's 10th largest holding.
• Several hedge funds have recently invested in Amazon, contributing to a high institutional ownership of 72.20% of the stock.
• Analysts have a positive outlook on Amazon, with the stock receiving an average rating of "Buy" and an average price target of $263.30.

RB Capital Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,475 shares of the e-commerce giant's stock after purchasing an additional 1,630 shares during the quarter. Amazon.com comprises 2.3% of RB Capital Management LLC's investment portfolio, making the stock its 10th biggest position. RB Capital Management LLC's holdings in Amazon.com were worth $9,977,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Brighton Jones LLC boosted its stake in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after buying an additional 986 shares during the period. Bank Pictet & Cie Europe AG boosted its position in shares of Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE boosted its position in shares of Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new stake in Amazon.com during the fourth quarter valued at $2,153,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Up 0.1%

Shares of Amazon.com stock traded up $0.25 on Friday, hitting $231.48. 97,793,456 shares of the company's stock traded hands, compared to its average volume of 34,071,644. The firm's 50-day moving average is $227.81 and its 200 day moving average is $209.43. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The stock has a market cap of $2.47 trillion, a P/E ratio of 35.29, a PEG ratio of 1.55 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same period last year, the business posted $1.26 earnings per share. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMZN. Jefferies Financial Group restated a "buy" rating on shares of Amazon.com in a report on Thursday, September 11th. Citizens Jmp began coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating for the company. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price on the stock in a research note on Friday, June 27th. Canaccord Genuity Group restated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Finally, Pivotal Research boosted their price objective on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two 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.com, the company presently has a consensus rating of "Buy" and an average target price of $263.30.

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.