Symmetry Partners LLC Acquires 2,107 Shares of Amazon.com, Inc. $AMZN

Key Points

• Symmetry Partners LLC increased its holdings in Amazon.com by 18.7% in Q2, owning a total of 13,402 shares worth $2.94 million.
• Analysts have positive ratings for Amazon, with HSBC raising the price target to $260, while UBS Group and Cantor Fitzgerald increased theirs to $271 and $280 respectively.
• Amazon's stock opened at $216.37, showing a twelve-month range of $161.38 to $242.52, with the company's recent earnings report exceeding estimates with $1.68 EPS.

Symmetry Partners LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,402 shares of the e-commerce giant's stock after acquiring an additional 2,107 shares during the quarter. Symmetry Partners LLC's holdings in Amazon.com were worth $2,940,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Camelot Portfolios LLC raised its stake in Amazon.com by 2.4% in the second quarter. Camelot Portfolios LLC now owns 17,913 shares of the e-commerce giant's stock valued at $3,930,000 after purchasing an additional 420 shares in the last quarter. Johnson & White Wealth Management LLC raised its stake in shares of Amazon.com by 1.8% during the second quarter. Johnson & White Wealth Management LLC now owns 9,117 shares of the e-commerce giant's stock worth $2,000,000 after acquiring an additional 165 shares in the last quarter. Wagner Wealth Management LLC increased its stake in shares of Amazon.com by 1.2% in the second quarter. Wagner Wealth Management LLC now owns 5,828 shares of the e-commerce giant's stock worth $1,279,000 after buying an additional 71 shares during the period. San Luis Wealth Advisors LLC increased its stake in shares of Amazon.com by 13.6% in the second quarter. San Luis Wealth Advisors LLC now owns 49,438 shares of the e-commerce giant's stock worth $10,846,000 after buying an additional 5,925 shares during the period. Finally, Grandview Asset Management LLC increased its stake in shares of Amazon.com by 1.5% in the second quarter. Grandview Asset Management LLC now owns 32,115 shares of the e-commerce giant's stock worth $7,046,000 after buying an additional 490 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AMZN shares. HSBC lifted their price target on shares of Amazon.com from $256.00 to $260.00 and gave the company a "buy" rating in a report on Monday, September 29th. UBS Group reiterated a "buy" rating and issued a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Cantor Fitzgerald boosted 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. JMP Securities reissued a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Finally, Robert W. Baird boosted their price target on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $266.26.

Insider Activity at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the 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 transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. This represents a 26.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,040,098 shares of company stock worth $3,204,129,405 over the last quarter. Corporate insiders own 9.70% of the company's stock.

Amazon.com Trading Down 5.0%

Shares of AMZN opened at $216.37 on Friday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a market cap of $2.31 trillion, a P/E ratio of 32.98, a P/E/G ratio of 1.43 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company's fifty day simple moving average is $225.94 and its 200-day simple moving average is $211.90.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current 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.

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