AlphaCore Capital LLC Boosts Stake in Amazon.com, Inc. $AMZN

AlphaCore Capital LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 61.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,102 shares of the e-commerce giant’s stock after buying an additional 29,299 shares during the quarter. Amazon.com accounts for 1.2% of AlphaCore Capital LLC’s portfolio, making the stock its 14th biggest holding. AlphaCore Capital LLC’s holdings in Amazon.com were worth $14,669,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the fourth quarter worth $25,000. Cooksen Wealth LLC purchased a new stake in Amazon.com during the first quarter worth $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com during the first quarter worth $40,000. Capitol Family Office Inc. purchased a new stake in Amazon.com during the first quarter worth $42,000. Finally, Harbor Investment Advisory LLC boosted its position in Amazon.com by 0.7% during 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 in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction 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. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 in the last quarter. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on AMZN shares. JPMorgan Chase & Co. boosted their target price on Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Monness Crespi & Hardt boosted 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. Jefferies Financial Group boosted their price target on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Finally, Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Two equities research 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, the company presently has a consensus rating of “Buy” and an average price target of $262.87.

Amazon.com Stock Performance

NASDAQ AMZN opened at $232.33 on Friday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a market cap of $2.48 trillion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.30. The business has a fifty day moving average of $225.74 and a 200-day moving average of $208.00. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results 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. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the prior year, the business posted $1.26 earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.