Wallington Asset Management LLC Buys 570 Shares of Amazon.com, Inc. $AMZN

Wallington Asset Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,201 shares of the e-commerce giant’s stock after buying an additional 570 shares during the period. Amazon.com accounts for approximately 2.6% of Wallington Asset Management LLC’s portfolio, making the stock its 12th biggest holding. Wallington Asset Management LLC’s holdings in Amazon.com were worth $17,732,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter worth about $25,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the first quarter worth about $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter worth about $40,000. Capitol Family Office Inc. bought a new position in shares of Amazon.com in the first quarter worth about $42,000. Finally, Harbor Investment Advisory LLC increased its stake in shares of Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 2,145 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMZN. Jefferies Financial Group lifted their price objective on Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. The Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Monness Crespi & Hardt lifted their target price on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Citigroup reissued an “overweight” rating on shares of Amazon.com in a research report on Wednesday, August 13th. Finally, Oppenheimer decreased their target price on Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a research report on Friday, August 1st. Two investment 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 stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $262.87.

Amazon.com Stock Down 1.4%

NASDAQ AMZN opened at $232.33 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average is $225.74 and its two-hundred day moving average is $208.13. The company has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 35.42, a PEG ratio of 1.58 and a beta of 1.30. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-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 earnings per share for the quarter, topping the consensus estimate 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 net margin of 10.54% and a return on equity of 23.84%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred on 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 directly owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is owned by insiders.

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.