Ignite Planners LLC Raises Holdings in Amazon.com, Inc. $AMZN

Ignite Planners LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 35.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,771 shares of the e-commerce giant’s stock after buying an additional 11,270 shares during the period. Amazon.com makes up about 1.6% of Ignite Planners LLC’s investment portfolio, making the stock its 8th largest position. Ignite Planners LLC’s holdings in Amazon.com were worth $8,135,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc raised its position 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 acquiring an additional 80 shares during the last quarter. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the first quarter worth $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the first quarter worth $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 25,025,854 shares of company stock worth $5,659,723,195 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Down 1.5%

AMZN stock opened at $228.01 on Wednesday. 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 stock has a market capitalization of $2.43 trillion, a P/E ratio of 34.76, a P/E/G ratio of 1.56 and a beta of 1.31. The business has a 50-day moving average of $221.91 and a 200-day moving average of $208.35. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. Robert W. Baird boosted their target price on Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price for the company in a research report on Friday, June 27th. Canaccord Genuity Group restated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Pivotal Research upped 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. Finally, UBS Group reiterated a “buy” rating and issued a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Two investment 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus 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.