Amazon.com, Inc. $AMZN Shares Purchased by Wooster Corthell Wealth Management Inc.

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 stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 20.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,285 shares of the e-commerce giant's stock after buying an additional 2,216 shares during the quarter. Wooster Corthell Wealth Management Inc.'s holdings in Amazon.com were worth $2,528,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter worth about $25,000. LSV Asset Management purchased a new position in shares of Amazon.com during the fourth quarter worth about $35,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the first quarter worth about $36,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the first quarter worth about $40,000. Finally, Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $0.65 during trading on Wednesday, hitting $225.99. 28,213,244 shares of the stock were exchanged, compared to its average volume of 33,878,940. The company has a fifty day moving average price of $225.19 and a two-hundred day moving average price of $208.04. The company has a market cap of $2.41 trillion, a PE ratio of 34.45, a P/E/G ratio of 1.54 and a beta of 1.30. 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.

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 the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the transaction, the chief executive officer directly owned 3,138 shares in the company, valued at $695,286.66. The trade was a 85.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,095,411 shares of company stock worth $5,675,473,849. Corporate insiders own 10.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AMZN. Citigroup reaffirmed an "overweight" rating on shares of Amazon.com in a report on Wednesday, August 13th. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective on the stock in a report on Friday, June 27th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Finally, Pivotal Research lifted their price objective on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 1st. Two equities research 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's stock. According to data from MarketBeat, the stock has a consensus 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.