Wooster Corthell Wealth Management Inc. Acquires 2,216 Shares of Amazon.com, Inc. $AMZN

Key Points

• Wooster Corthell Wealth Management Inc. increased its holdings in Amazon.com by 20%, owning 13,285 shares valued at approximately $2.5 million.
• Several brokerages have upgraded their ratings on Amazon, with a consensus target price of $262.87 and most analysts rating the stock as a Buy.
• Insider trading activity showed Jeffrey P. Bezos sold over 4 million shares for nearly $961 million, resulting in a minor decrease in his ownership stake.

Wooster Corthell Wealth Management Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 20.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,285 shares of the e-commerce giant's stock after acquiring an additional 2,216 shares during the quarter. Wooster Corthell Wealth Management Inc.'s holdings in Amazon.com were worth $2,528,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com during the 4th quarter worth approximately $25,000. LSV Asset Management bought a new position in Amazon.com during the 4th quarter worth approximately $35,000. Cooksen Wealth LLC bought a new position in Amazon.com during the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the 1st quarter worth approximately $40,000. Finally, Perritt Capital Management Inc boosted its stake 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 last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AMZN shares. Robert W. Baird lifted their price target on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Tigress Financial lifted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. UBS Group reaffirmed a "buy" rating and issued a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Cowen reaffirmed a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Finally, Citizens Jmp started coverage on shares of Amazon.com in a research note on Thursday, July 10th. They issued a "strong-buy" rating on the stock. Two equities 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. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $262.87.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The shares were 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 in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 25,095,411 shares of company stock valued at $5,675,473,849 in the last 90 days. 9.70% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $2.60 on Monday, hitting $229.00. The company had a trading volume of 26,167,914 shares, compared to its average volume of 37,773,448. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The stock has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.54 and a beta of 1.31. The stock has a 50 day moving average price of $224.25 and a 200 day moving average price of $207.79. 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 (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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 net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the company earned $1.26 earnings per share. The company's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.