WNY Asset Management LLC Raises Stake in Amazon.com, Inc. $AMZN

WNY Asset Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,204 shares of the e-commerce giant's stock after purchasing an additional 1,458 shares during the period. WNY Asset Management LLC's holdings in Amazon.com were worth $4,605,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management bought a new stake in Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc increased its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the period. Cooksen Wealth LLC bought a new stake in Amazon.com during the 1st quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com during the 1st quarter worth approximately $40,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 1.7%

NASDAQ:AMZN traded down $3.8790 on Wednesday, reaching $224.1310. 19,696,742 shares of the stock traded hands, compared to its average volume of 44,564,785. The company has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 34.19, a PEG ratio of 1.56 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company's fifty day simple moving average is $221.91 and its 200 day simple moving average is $208.35.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results 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. The firm 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 quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AMZN shares. Citizens Jmp started coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating on the stock. Wall Street Zen raised shares of Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a report on Friday, June 27th. Benchmark reissued a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Finally, UBS Group reissued a "buy" rating and issued a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Buy" and a consensus price target of $262.87.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,784 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $232.32, for a total value of $1,111,418.88. Following the transaction, the chief executive officer owned 510,255 shares of the company's stock, valued at approximately $118,542,441.60. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,025,854 shares of company stock worth $5,659,723,195. Insiders own 10.80% 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.