Amazon.com, Inc. $AMZN Position Boosted by Sheaff Brock Investment Advisors LLC

Key Points

• Sheaff Brock Investment Advisors LLC has increased its stake in Amazon.com, Inc. to become its 5th largest position, owning 107,589 shares valued at $20.47 million.
• Amazon.com reported a strong quarterly performance with EPS of $1.68, surpassing analyst estimates of $1.31, and revenue of $167.7 billion.
• Notable changes in analyst ratings include Deutsche Bank raising its target price for Amazon shares from $230 to $266, reflecting ongoing optimism around the company's stock.

Sheaff Brock Investment Advisors LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,589 shares of the e-commerce giant's stock after acquiring an additional 2,381 shares during the period. Amazon.com makes up approximately 1.9% of Sheaff Brock Investment Advisors LLC's portfolio, making the stock its 5th biggest position. Sheaff Brock Investment Advisors LLC's holdings in Amazon.com were worth $20,470,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the 4th quarter worth about $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the 4th quarter worth about $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the 4th quarter worth about $35,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the 1st quarter worth about $36,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the 1st quarter worth about $40,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 25,097,911 shares of company stock worth $5,675,986,299. 10.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Oppenheimer reduced their target price on Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Rosenblatt Securities raised their target price on Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Zacks Research downgraded Amazon.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Two equities 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $262.87.

Amazon.com Stock Down 1.1%

AMZN stock traded down $2.60 during mid-day trading on Friday, reaching $229.00. 26,167,914 shares of the company traded hands, compared to its average volume of 37,773,448. The stock has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.54 and a beta of 1.31. 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, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm's 50 day moving average price is $224.25 and its 200 day moving average price is $207.79.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly 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. The business 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 company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business 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 EPS for the current fiscal year.

Amazon.com 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.