SeaBridge Investment Advisors LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,638 shares of the e-commerce giant's stock after buying an additional 1,462 shares during the quarter. Amazon.com comprises about 1.5% of SeaBridge Investment Advisors LLC's portfolio, making the stock its 16th biggest position. SeaBridge Investment Advisors LLC's holdings in Amazon.com were worth $7,819,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Ridgecrest Wealth Partners LLC boosted its position in shares of Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock worth $1,843,000 after purchasing an additional 45 shares during the period. Bare Financial Services Inc boosted its position in shares of Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant's stock worth $177,000 after purchasing an additional 48 shares during the period. Heritage Oak Wealth Advisors LLC boosted its position in shares of Amazon.com by 1.2% during the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant's stock worth $862,000 after purchasing an additional 48 shares during the period. Cobblestone Asset Management LLC boosted its position in shares of Amazon.com by 3.1% during the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant's stock worth $367,000 after purchasing an additional 50 shares during the period. Finally, Seek First Inc. boosted its position in shares of Amazon.com by 0.5% during the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant's stock worth $2,009,000 after purchasing an additional 50 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. This represents a 26.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer owned 2,178,502 shares of the company's stock, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,040,098 shares of company stock worth $3,204,129,405 over the last 90 days. 9.70% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of research firms recently weighed in on AMZN. Piper Sandler increased their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wells Fargo & Company raised shares of Amazon.com from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $245.00 to $280.00 in a research report on Wednesday, September 24th. Citizens Jmp assumed coverage on shares of Amazon.com in a research report on Thursday, July 10th. They set a "strong-buy" rating for the company. Wolfe Research increased their target price on shares of Amazon.com from $265.00 to $270.00 in a report on Tuesday, September 30th. Finally, Truist Financial increased their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $266.26.
Get Our Latest Stock Analysis on AMZN
Amazon.com Trading Down 5.0%
NASDAQ AMZN opened at $216.37 on Friday. 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 firm's fifty day moving average price is $225.94 and its 200 day moving average price is $211.82. The company has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate 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 was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
About Amazon.com
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).
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