Amazon.com, Inc. $AMZN Position Raised by Elefante Mark B

Elefante Mark B grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 17.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,390 shares of the e-commerce giant’s stock after purchasing an additional 3,550 shares during the quarter. Amazon.com makes up 3.5% of Elefante Mark B’s investment portfolio, making the stock its 10th largest position. Elefante Mark B’s holdings in Amazon.com were worth $4,450,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the 4th quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter worth approximately $27,000. LSV Asset Management acquired a new position in Amazon.com in the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new position in Amazon.com in the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 3.1%

NASDAQ:AMZN opened at $228.84 on Friday. 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. The stock’s 50 day simple moving average is $222.63 and its 200-day simple moving average is $208.07. The firm has a market cap of $2.44 trillion, a P/E ratio of 34.88, a PEG ratio of 1.54 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results 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 firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMZN. BNP Paribas Exane upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective for the company in a research report on Friday, June 27th. Stifel Nicolaus lifted their price target on shares of Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Westpark Capital restated a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Finally, Jefferies Financial Group boosted their target price on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. 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 MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $262.87.

Insider Activity

In related news, CEO Douglas J. Herrington sold 4,784 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 510,255 shares in the company, valued at $118,542,441.60. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on Thursday, July 24th. The shares were 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 directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,012,284 shares of company stock worth $5,656,976,492. Insiders own 9.70% of the company’s stock.

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.