W.G. Shaheen & Associates DBA Whitney & Co Boosts Stock Position in Amazon.com, Inc. $AMZN

Key Points

• W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in Amazon.com by 2.6%, owning 137,782 shares valued at approximately $26.2 million as of the most recent quarter.
• Amazon.com recently reported earnings per share of $1.68, exceeding analyst expectations, with revenue for the quarter reaching $167.7 billion—a 13.3% year-over-year increase.
• Insider Jeffrey P. Bezos sold over 4.2 million shares of Amazon, marking a 0.47% reduction in his holdings, with insiders selling nearly $5.7 billion worth of stock in the past 90 days.

W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 137,782 shares of the e-commerce giant's stock after purchasing an additional 3,516 shares during the quarter. Amazon.com accounts for 2.8% of W.G. Shaheen & Associates DBA Whitney & Co's portfolio, making the stock its 5th largest position. W.G. Shaheen & Associates DBA Whitney & Co's holdings in Amazon.com were worth $26,214,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Western Wealth Management LLC grew its stake in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. acquired a new position in Amazon.com in the fourth quarter worth about $749,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Amazon.com in the first quarter worth about $514,000. Segall Bryant & Hamill LLC grew its stake in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Finally, Bearing Point Capital LLC acquired a new position in Amazon.com in the fourth quarter worth about $12,014,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN traded down $0.2130 during midday trading on Monday, reaching $228.6270. 12,699,290 shares of the company traded hands, compared to its average volume of 44,351,199. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.84, a price-to-earnings-growth ratio of 1.54 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. The company has a fifty day moving average price of $222.63 and a 200 day moving average price of $207.85.

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

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 4,784 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer owned 510,255 shares in the company, valued at approximately $118,542,441.60. The trade was a 0.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This trade represents a 0.30% 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 worth $5,656,976,492. Corporate insiders own 10.80% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on AMZN shares. Bank of America lifted their target price on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Wall Street Zen upgraded Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. The Goldman Sachs Group reiterated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Monness Crespi & Hardt lifted their target price on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company lifted their target price on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $262.87.

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.