Patten & Patten Inc. TN Boosts Stake in Amazon.com, Inc. $AMZN

Patten & Patten Inc. TN increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,742 shares of the e-commerce giant’s stock after purchasing an additional 2,457 shares during the period. Patten & Patten Inc. TN’s holdings in Amazon.com were worth $7,942,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. 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. acquired a new position in shares of Amazon.com during the 4th quarter worth about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter worth about $35,000. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 1st quarter valued at about $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in Amazon.com in the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays increased their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a report on Wednesday, August 13th. Susquehanna increased their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a report on Friday, August 1st. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a report on Tuesday, July 1st. Finally, Truist Financial raised their price target on shares of Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $262.87.

Amazon.com Price Performance

Shares of AMZN opened at $231.60 on Friday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm’s fifty day simple moving average is $223.86 and its 200-day simple moving average is $208.12. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.30, a PEG ratio of 1.54 and a beta of 1.31. 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 announced its quarterly earnings data 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 net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the business earned $1.26 EPS. The company’s revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 25,097,911 shares of company stock valued at $5,675,986,299 in the last quarter. Insiders own 9.70% 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.