TIAA Trust National Association Boosts Position in Amazon.com, Inc. $AMZN

Key Points

• TIAA Trust National Association increased its stake in Amazon.com by 3.9%, acquiring an additional 30,838 shares, bringing their total holdings to 825,818 shares valued at approximately $157.12 million.
• Insider Jeffrey P. Bezos sold over 4 million shares of Amazon, valued at approximately $960.67 million, which decreased his direct ownership to about 897.72 million shares.
• Analysts have a consensus rating of "Buy" on Amazon, with a target price increase to $285.00 from several research firms, while Zacks Research adjusted its rating from "strong-buy" to "hold."

TIAA Trust National Association grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 825,818 shares of the e-commerce giant's stock after buying an additional 30,838 shares during the quarter. TIAA Trust National Association's holdings in Amazon.com were worth $157,120,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AMZN. GAMMA Investing LLC grew its stake in Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the last quarter. Capital World Investors lifted its holdings in shares of Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after acquiring an additional 17,681,004 shares during the period. Capital International Investors lifted its holdings in shares of Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after acquiring an additional 12,000,745 shares during the period. Northern Trust Corp lifted its stake in Amazon.com by 14.0% in the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock valued at $21,297,564,000 after purchasing an additional 11,926,749 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Amazon.com in the 4th quarter valued at approximately $2,037,963,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on AMZN. BMO Capital Markets raised their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a report on Friday, June 27th. Barclays raised their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com 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's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $262.87.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $8.53 during trading on Thursday, hitting $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 50-day moving average of $225.19 and a 200-day moving average of $208.04. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm has a market cap of $2.50 trillion, a price-to-earnings ratio of 35.73, a P/E/G ratio of 1.54 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the firm posted $1.26 EPS. The company's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares in the company, valued at $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the transaction, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at approximately $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. In the last three months, insiders have sold 25,095,411 shares of company stock valued at $5,675,473,849. Insiders own 9.70% of the company's stock.

Amazon.com Company 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.