9,334 Shares in Amazon.com, Inc. $AMZN Acquired by Wakefield Asset Management LLLP

Key Points

• Wakefield Asset Management LLLP has acquired 9,334 shares of Amazon.com, Inc., valued at approximately $1.776 million, marking an expansion of institutional investment in the company.
• Analysts maintain a positive outlook on Amazon, with a consensus target price of $262.87 and most ratings classified as "Buy," although Zacks Research has downgraded it from "strong-buy" to "hold."
• Insider activity shows that Jeffrey P. Bezos sold over 4 million shares for around $960 million, while insiders overall sold about 25 million shares worth approximately $5.66 billion in the last 90 days.

Wakefield Asset Management LLLP bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,334 shares of the e-commerce giant's stock, valued at approximately $1,776,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in Amazon.com in the 4th quarter valued at approximately $35,000. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 1st quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in Amazon.com in the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Citigroup restated an "overweight" rating on shares of Amazon.com in a research note on Wednesday, August 13th. JMP Securities restated a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Scotiabank boosted their price target on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. Citizens Jmp began coverage on Amazon.com in a research note on Thursday, July 10th. They issued a "strong-buy" rating for the company. Finally, Zacks Research cut Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $262.87.

Amazon.com Trading Up 3.1%

Shares of Amazon.com stock traded up $6.89 during midday trading on Friday, reaching $228.84. The company had a trading volume of 37,264,095 shares, compared to its average volume of 46,830,960. The stock has a fifty day moving average price of $222.63 and a 200 day moving average price of $208.26. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm has a market cap of $2.44 trillion, a PE ratio of 34.88, a P/E/G ratio of 1.49 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

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

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 25,012,284 shares of company stock valued at $5,656,976,492. 9.70% of the stock is owned by insiders.

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.