Ballast Advisors LLC Has $3.94 Million Stock Holdings in Amazon.com, Inc. $AMZN

Ballast Advisors LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,725 shares of the e-commerce giant’s stock after purchasing an additional 116 shares during the quarter. Amazon.com accounts for approximately 1.3% of Ballast Advisors LLC’s investment portfolio, making the stock its 16th biggest position. Ballast Advisors LLC’s holdings in Amazon.com were worth $3,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the 4th quarter worth $27,000. LSV Asset Management bought a new stake in Amazon.com during the 4th quarter worth $35,000. Perritt Capital Management Inc lifted its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares during the period. Cooksen Wealth LLC acquired a new position in Amazon.com during the 1st quarter worth about $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Amazon.com during the 1st quarter worth about $40,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Pivotal Research lifted their target price on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 1st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. BMO Capital Markets lifted their target price on Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a report on Friday, August 1st. Finally, Susquehanna boosted their price objective on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research note on Friday, August 1st. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $262.87.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $228.71 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 business has a 50-day simple moving average of $223.15 and a 200 day simple moving average of $207.99. The firm has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.86, a PEG ratio of 1.53 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 firm 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 revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 6,835 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.62, for a total value of $1,514,772.70. Following the completion of the transaction, the chief executive officer directly owned 520,507 shares of the company’s stock, valued at $115,354,761.34. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the transaction, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,097,911 shares of company stock worth $5,675,986,299. Company insiders own 10.80% of the company’s stock.

Amazon.com Company 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.