Smith Asset Management Co. LLC Makes New Investment in Amazon.com, Inc. $AMZN

Key Points

• Smith Asset Management Co. LLC has acquired a new stake in Amazon.com, investing approximately $678,000 for 3,564 shares.
• Several institutional investors are increasing their positions, with notable increases by Brighton Jones LLC (10.9%) and Revolve Wealth Partners LLC (4.1%) in the fourth quarter.
• Amazon's stock has shown strong performance with a recent EPS of $1.68, exceeding estimates, and is positioned for further growth, having a consensus target price of $262.87.

Smith Asset Management Co. LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,564 shares of the e-commerce giant's stock, valued at approximately $678,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bare Financial Services Inc increased its position in 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 in the last quarter. Talisman Wealth Advisors LLC boosted its stake in shares of Amazon.com by 1.2% during the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock worth $1,020,000 after purchasing an additional 53 shares during the last quarter. SWAN Capital LLC grew its holdings in shares of Amazon.com by 3.1% during the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock worth $396,000 after buying an additional 55 shares in the last quarter. Hamel Associates Inc. grew its holdings in shares of Amazon.com by 1.4% during the first quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant's stock worth $780,000 after buying an additional 55 shares in the last quarter. Finally, Clifford Group LLC raised its position in shares of Amazon.com by 0.4% in the first quarter. Clifford Group LLC now owns 13,605 shares of the e-commerce giant's stock valued at $2,589,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the sale, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. This represents a 26.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the transaction, the vice president directly owned 119,780 shares in the company, valued at $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Up 1.5%

NASDAQ AMZN traded up $3.44 during mid-day trading on Tuesday, reaching $234.87. 24,107,871 shares of the company's stock traded hands, compared to its average volume of 43,616,891. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a fifty day simple moving average of $227.03 and a 200-day simple moving average of $208.71. The company has a market cap of $2.50 trillion, a price-to-earnings ratio of 35.80, a P/E/G ratio of 1.53 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday. Royal Bank Of Canada increased their price target on Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Finally, Cantor Fitzgerald increased their target price on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" 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 given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus 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.