Sutton Place Investors LLC Acquires 1,770 Shares of Amazon.com, Inc. $AMZN

Key Points

• Sutton Place Investors LLC increased its holdings in Amazon.com by 23.4% in Q2, owning a total of 9,318 shares now valued at approximately $2,044,000.
• Multiple analysts have upgraded their price targets for Amazon.com, with new estimates ranging from $265.00 to $315.00, reflecting a general consensus of a "Buy" rating among 47 analysts.
• Insider trading activity included CFO Brian T. Olsavsky selling 17,750 shares and SVP David Zapolsky selling 13,570 shares, both representing significant decreases in their stock ownership.

Sutton Place Investors LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 23.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,318 shares of the e-commerce giant's stock after purchasing an additional 1,770 shares during the period. Amazon.com makes up 1.2% of Sutton Place Investors LLC's investment portfolio, making the stock its 22nd biggest holding. Sutton Place Investors LLC's holdings in Amazon.com were worth $2,044,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AMZN. Carderock Capital Management Inc. bought a new stake in Amazon.com in the second quarter worth $27,000. Cooksen Wealth LLC bought a new stake in Amazon.com during the first quarter valued at about $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $40,000. Capitol Family Office Inc. acquired a new stake in shares of Amazon.com in the first quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. grew its position in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after purchasing an additional 95 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Bank of America raised their price target on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 price target on shares of Amazon.com in a research report on Friday, August 1st. DA Davidson raised their price target on Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, August 1st. CIBC raised their price target on Amazon.com to $315.00 in a research report on Monday. Finally, BMO Capital Markets raised their price target on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of "Buy" and a consensus target price of $267.27.

Amazon.com Stock Up 2.6%

NASDAQ AMZN opened at $222.03 on Wednesday. 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 firm has a 50-day simple moving average of $225.57 and a 200 day simple moving average of $213.26. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The stock has a market cap of $2.37 trillion, a PE ratio of 33.85, a PEG ratio of 1.43 and a beta of 1.28.

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

Insider Activity

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the transaction, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares of the company's stock, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,741,053 shares of company stock valued at $630,824,413. 10.80% of the stock is owned by company insiders.

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.

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