Prescott Group Capital Management L.L.C. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 73.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,460 shares of the e-commerce giant’s stock after purchasing an additional 1,460 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Amazon.com were worth $658,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Talisman Wealth Advisors LLC raised its stake in shares of Amazon.com by 1.2% in the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock worth $1,020,000 after buying an additional 53 shares in the last quarter. SWAN Capital LLC raised its stake in shares of Amazon.com by 3.1% in the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock worth $396,000 after buying an additional 55 shares in the last quarter. Hamel Associates Inc. raised its stake in shares of Amazon.com by 1.4% in the 1st quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant’s stock worth $780,000 after buying an additional 55 shares in the last quarter. Lokken Investment Group LLC raised its stake in shares of Amazon.com by 1.5% in the 4th quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant’s stock worth $848,000 after buying an additional 56 shares in the last quarter. Finally, CWC Advisors LLC. raised its stake in shares of Amazon.com by 3.1% in the 4th quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant’s stock worth $411,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Insider Transactions at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 4,784 shares of the business’s stock in a transaction dated 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 owned 510,255 shares of the company’s stock, valued at $118,542,441.60. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 883,779,901 shares of the company’s stock, 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. Insiders sold 25,012,284 shares of company stock valued at $5,656,976,492 in the last ninety days. Insiders own 10.80% of the company’s stock.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. Amazon.com’s revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Analysts Set New Price Targets
AMZN has been the topic of a number of research reports. Scotiabank boosted their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. Moffett Nathanson boosted their price objective on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Jefferies Financial Group boosted their price objective on Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Morgan Stanley reissued an “overweight” rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Thursday, August 14th. Finally, Stifel Nicolaus boosted their price objective on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price 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.
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