Alliancebernstein L.P. Grows Position in Amazon.com, Inc. $AMZN

Alliancebernstein L.P. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,797,169 shares of the e-commerce giant’s stock after purchasing an additional 839,280 shares during the quarter. Amazon.com comprises about 4.0% of Alliancebernstein L.P.’s portfolio, making the stock its 3rd largest holding. Alliancebernstein L.P. owned about 0.54% of Amazon.com worth $10,996,489,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $25,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $40,000. Capitol Family Office Inc. purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $42,000. Finally, Harbor Investment Advisory LLC raised its position in shares of Amazon.com by 0.7% in the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 2,145 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $265.00 price target on shares of Amazon.com in a research report on Wednesday, August 13th. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Citigroup reissued an “overweight” rating on shares of Amazon.com in a research report on Wednesday, August 13th. Stifel Nicolaus raised their price target on shares of Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Finally, JMP Securities reissued a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday, August 1st. 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $262.87.

Amazon.com Trading Down 0.8%

Shares of NASDAQ:AMZN opened at $228.15 on Friday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The business’s 50 day moving average price is $226.87 and its 200-day moving average price is $208.62.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction 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 approximately $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 25,097,911 shares of company stock worth $5,676,032,574 in the last 90 days. 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.