Amazon.com, Inc. $AMZN Shares Purchased by Westover Capital Advisors LLC

Westover Capital Advisors LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,613 shares of the e-commerce giant’s stock after purchasing an additional 3,511 shares during the quarter. Amazon.com makes up about 2.9% of Westover Capital Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Westover Capital Advisors LLC’s holdings in Amazon.com were worth $13,245,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AMZN. Norges Bank bought a new stake in Amazon.com in the fourth quarter valued at $27,266,582,000. GAMMA Investing LLC lifted its stake in Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the last quarter. Capital World Investors lifted its stake in Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Capital International Investors lifted its stake in Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock valued at $12,564,961,000 after buying an additional 12,000,745 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Amazon.com by 14.0% in the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant’s stock valued at $21,297,564,000 after buying an additional 11,926,749 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMZN. Telsey Advisory Group restated an “outperform” rating and set a $265.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. Bank of America lifted their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Citizens Jmp began coverage on shares of Amazon.com in a research note on Thursday, July 10th. They set a “strong-buy” rating on the stock. Evercore ISI restated an “outperform” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. Finally, HSBC boosted their price target on shares of Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $262.87.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 25,012,284 shares of company stock valued at $5,656,976,492. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 3.1%

Shares of AMZN opened at $228.84 on Monday. The business’s 50-day moving average price is $222.63 and its 200 day moving average price is $207.85. The stock has a market capitalization of $2.44 trillion, a P/E ratio of 34.88, a P/E/G ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year 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 issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for 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 was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

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.