Renasant Bank Buys 660 Shares of Amazon.com, Inc. $AMZN

Renasant Bank increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,979 shares of the e-commerce giant’s stock after purchasing an additional 660 shares during the period. Amazon.com makes up approximately 1.1% of Renasant Bank’s portfolio, making the stock its 20th biggest holding. Renasant Bank’s holdings in Amazon.com were worth $1,708,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares during the last quarter. Northern Trust Corp increased its position in shares of 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 worth $21,297,564,000 after purchasing an additional 11,926,749 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Amazon.com by 14.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,975,984 shares of the e-commerce giant’s stock worth $14,474,471,000 after purchasing an additional 8,142,030 shares during the last quarter. Capital World Investors increased its position in shares of 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 worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Finally, Capital International Investors grew its position in Amazon.com by 26.5% during 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 acquiring an additional 12,000,745 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at $10,914,260. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 over the last three months. Insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on AMZN shares. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a research report on Tuesday, July 1st. BNP Paribas Exane upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target on the stock in a research report on Friday, June 27th. Rosenblatt Securities increased their price target on shares of Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Jefferies Financial Group increased their price target on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Finally, UBS Group reiterated a “buy” rating and set a $271.00 price target (up from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Two investment 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. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $262.87.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $232.33 on Friday. The firm has a market cap of $2.48 trillion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The business has a 50 day moving average price of $225.74 and a 200-day moving average price of $208.13.

Amazon.com (NASDAQ:AMZN) last released 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. 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 business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.