Amazon.com, Inc. $AMZN is Cascade Investment Group Inc.’s 5th Largest Position

Cascade Investment Group Inc. lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 14.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 13,882 shares of the e-commerce giant’s stock after selling 2,312 shares during the quarter. Amazon.com makes up about 2.0% of Cascade Investment Group Inc.’s investment portfolio, making the stock its 5th largest holding. Cascade Investment Group Inc.’s holdings in Amazon.com were worth $2,641,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC purchased a new position in shares of Amazon.com in the first quarter worth $11,674,091,000. GAMMA Investing LLC boosted its holdings in Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors boosted its holdings in 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. Northern Trust Corp boosted its holdings in 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. Finally, Goldman Sachs Group Inc. boosted its holdings in Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after purchasing an additional 10,176,835 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective for the company in a research report on Friday, June 27th. Cantor Fitzgerald upped their price objective on Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Susquehanna upped their price objective on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $262.87.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $229.95 on Friday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The stock has a market capitalization of $2.45 trillion, a P/E ratio of 35.05, a PEG ratio of 1.54 and a beta of 1.30. The firm has a fifty day simple moving average of $226.77 and a two-hundred day simple moving average of $208.52. 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 posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating 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 business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the company earned $1.26 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. Company insiders own 9.70% of the company’s stock.

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.