Amazon.com, Inc. $AMZN is SFE Investment Counsel's 6th Largest Position

Key Points

• SFE Investment Counsel has increased its holdings in Amazon.com, Inc. by 11.8%, now owning 73,177 shares worth approximately $13.92 million, making it the fund's 6th largest position.
• Insider Jeffrey P. Bezos sold over 2.6 million shares for about $609 million, reducing his stake in Amazon by 0.30%, while CEO Douglas J. Herrington also sold shares, reflecting a total insider sale of 25 million shares valued at nearly $5.66 billion in the last 90 days.
• Amazon's stock increased by 3.1% recently, with current trading near $228.84 and a market capitalization of $2.44 trillion, highlighted by a positive earnings report exceeding analysts' estimates.

SFE Investment Counsel increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 73,177 shares of the e-commerce giant's stock after purchasing an additional 7,752 shares during the quarter. Amazon.com makes up approximately 2.8% of SFE Investment Counsel's investment portfolio, making the stock its 6th biggest position. SFE Investment Counsel's holdings in Amazon.com were worth $13,923,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AMZN. Norges Bank bought a new position in Amazon.com in the 4th quarter worth $27,266,582,000. GAMMA Investing LLC raised its holdings in 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. Capital World Investors raised its holdings in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Capital International Investors raised its holdings in Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares during the period. Finally, Northern Trust Corp raised its holdings in 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. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price on the stock in a report on Friday, June 27th. Piper Sandler raised their price target on Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wells Fargo & Company raised their price target on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Royal Bank Of Canada raised their price target on Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, HSBC boosted their price target on Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of "Buy" and a consensus target price of $262.87.

Insider Activity

In other news, CEO Douglas J. Herrington sold 4,784 shares of Amazon.com stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $232.32, for a total value of $1,111,418.88. Following the sale, the chief executive officer directly owned 510,255 shares of the company's stock, valued at approximately $118,542,441.60. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,012,284 shares of company stock worth $5,656,976,492 over the last ninety days. Insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of AMZN stock traded up $6.89 during trading hours on Friday, hitting $228.84. The stock had a trading volume of 37,264,095 shares, compared to its average volume of 46,830,960. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. 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 stock's 50-day moving average price is $222.63 and its two-hundred day moving average price is $208.26. The stock has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.88, a PEG ratio of 1.49 and a beta of 1.31.

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