Seneca House Advisors Acquires 1,170 Shares of Amazon.com, Inc. $AMZN

Key Points

• Seneca House Advisors increased its holdings in Amazon.com by 18.9% during the second quarter, acquiring an additional 1,170 shares, bringing their total to 7,347 shares valued at approximately $1.61 million.
• Insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon stock for nearly $960.67 million, representing a 0.47% decrease in his holdings.
• Analysts have raised their price targets for Amazon, with estimates now ranging from $244 to $275, indicating strong confidence in the company's future performance.

Seneca House Advisors lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,347 shares of the e-commerce giant's stock after acquiring an additional 1,170 shares during the period. Amazon.com makes up approximately 0.7% of Seneca House Advisors' portfolio, making the stock its 28th biggest position. Seneca House Advisors' holdings in Amazon.com were worth $1,612,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the fourth quarter valued at $25,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the 1st quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com in the 1st quarter valued at about $40,000. Capitol Family Office Inc. bought a new stake in Amazon.com in the 1st quarter valued at about $42,000. Finally, Harbor Investment Advisory LLC increased its holdings in shares of Amazon.com by 0.7% during the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 2,145 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 1.7%

AMZN stock opened at $227.63 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 34.70, a PEG ratio of 1.55 and a beta of 1.31. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a fifty day moving average of $227.85 and a 200-day moving average of $209.69.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Robert W. Baird boosted their price objective on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Scotiabank boosted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. Needham & Company LLC restated a "buy" rating and set a $265.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Truist Financial boosted their price target on shares of Amazon.com from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Finally, Wall Street Zen raised shares of Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $263.30.

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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