Amazon.com, Inc. $AMZN Shares Acquired by Wesleyan Assurance Society

Key Points

• Wesleyan Assurance Society increased its holdings in Amazon.com, Inc. by 136.8%, acquiring 105,890 shares, bringing its total to 183,290 shares valued at approximately $34.87 million.
• Amazon's financial performance showed a strong quarterly earnings report with $1.68 earnings per share, surpassing estimates, and revenue reaching $167.70 billion, up 13.3% year-over-year.
• Insider activity included Jeffrey P. Bezos selling over 4 million shares for nearly $961 million, which resulted in a slight decrease of his ownership to 897 million shares.

Wesleyan Assurance Society boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 136.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,290 shares of the e-commerce giant's stock after buying an additional 105,890 shares during the quarter. Amazon.com comprises 2.6% of Wesleyan Assurance Society's portfolio, making the stock its 9th biggest holding. Wesleyan Assurance Society's holdings in Amazon.com were worth $34,871,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new stake in Amazon.com during the first quarter valued at about $1,184,000. Kathleen S. Wright Associates Inc. boosted its holdings in Amazon.com by 1.5% during the first quarter. Kathleen S. Wright Associates Inc. now owns 13,905 shares of the e-commerce giant's stock valued at $2,644,000 after acquiring an additional 200 shares during the period. Crystal Rock Capital Management boosted its holdings in Amazon.com by 6.2% during the first quarter. Crystal Rock Capital Management now owns 57,195 shares of the e-commerce giant's stock valued at $10,882,000 after acquiring an additional 3,325 shares during the period. Babb Wealth Advisors LLC boosted its holdings in Amazon.com by 32.7% during the first quarter. Babb Wealth Advisors LLC now owns 1,772 shares of the e-commerce giant's stock valued at $337,000 after acquiring an additional 437 shares during the period. Finally, Riverpoint Wealth Management Holdings LLC boosted its holdings in Amazon.com by 20.3% during the first quarter. Riverpoint Wealth Management Holdings LLC now owns 3,709 shares of the e-commerce giant's stock valued at $706,000 after acquiring an additional 627 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Citigroup restated an "overweight" rating on shares of Amazon.com in a report on Wednesday, August 13th. Cantor Fitzgerald upped their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Barclays increased their target price 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. Pivotal Research increased their target price on shares of Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $300.00 target price on shares of Amazon.com in a research note on Thursday, August 14th. Two research 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. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and an average target price of $262.87.

Amazon.com Price Performance

AMZN traded up $6.89 during midday trading on Friday, reaching $228.84. 37,264,095 shares of the company's stock were exchanged, compared to its average volume of 46,830,960. The firm has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. 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 one year low of $161.38 and a one year high of $242.52. The business has a 50-day simple moving average of $222.63 and a two-hundred day simple moving average of $208.26.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly 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 firm 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 company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,784 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the sale, the chief executive officer directly owned 510,255 shares of the company's stock, valued at approximately $118,542,441.60. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,012,284 shares of company stock valued at $5,656,976,492. Company 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.