Madison Asset Management LLC Grows Stake in Amazon.com, Inc. $AMZN

Madison Asset Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 758,621 shares of the e-commerce giant’s stock after buying an additional 17,203 shares during the quarter. Amazon.com makes up about 1.6% of Madison Asset Management LLC’s investment portfolio, making the stock its 11th largest holding. Madison Asset Management LLC’s holdings in Amazon.com were worth $144,335,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $35,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $40,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMZN. Benchmark restated a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Monness Crespi & Hardt raised their target price on Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 1st. UBS Group restated a “buy” rating and issued a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Rosenblatt Securities raised their price objective on Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $262.87.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com 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 completion of the sale, the insider owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,784 shares of Amazon.com stock in a transaction on Friday, August 15th. The stock was sold at an average price of $232.32, for a total value of $1,111,418.88. Following the completion of the sale, the chief executive officer directly owned 510,255 shares of the company’s stock, valued at approximately $118,542,441.60. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,012,284 shares of company stock valued at $5,656,976,492. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Down 0.8%

Amazon.com stock opened at $221.95 on Friday. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 33.83, a PEG ratio of 1.51 and a beta of 1.31. The stock has a fifty day simple moving average of $222.30 and a two-hundred day simple moving average of $208.35. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. 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) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during 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% compared to the same quarter last year. During the same quarter last year, the company earned $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.

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.