SPC Financial Inc. Raises Stock Holdings in Amazon.com, Inc. $AMZN

SPC Financial Inc. boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,871 shares of the e-commerce giant's stock after buying an additional 2,171 shares during the quarter. SPC Financial Inc.'s holdings in Amazon.com were worth $4,732,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Western Wealth Management LLC lifted its holdings in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Amazon.com in the first quarter worth $514,000. Bearing Point Capital LLC purchased a new stake in Amazon.com in the fourth quarter worth $12,014,000. Evergreen Capital Management LLC increased its stake in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares during the period. Finally, Keyvantage Wealth LLC bought a new stake in Amazon.com during the fourth quarter valued at about $2,735,000. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's 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 sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 25,095,411 shares of company stock valued at $5,675,473,849 in the last ninety days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $8.53 during trading on Thursday, reaching $234.52. The company's stock had a trading volume of 36,443,946 shares, compared to its average volume of 43,816,934. 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 12-month low of $161.38 and a 12-month high of $242.52. The company has a market capitalization of $2.50 trillion, a P/E ratio of 35.73, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30. The business has a 50 day moving average price of $225.19 and a 200-day moving average price of $208.04.

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, topping analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for 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%.Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on AMZN. Barclays raised their price target on Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Royal Bank Of Canada boosted 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. Morgan Stanley reissued an "overweight" rating and issued a $300.00 price target on shares of Amazon.com in a report on Thursday, August 14th. BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Finally, Robert W. Baird increased their price objective on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $262.87.

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.