Amazon.com, Inc. $AMZN is Iron Gate Global Advisors LLC’s 2nd Largest Position

Iron Gate Global Advisors LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,848 shares of the e-commerce giant’s stock after purchasing an additional 24,613 shares during the period. Amazon.com makes up 9.3% of Iron Gate Global Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Iron Gate Global Advisors LLC’s holdings in Amazon.com were worth $67,513,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at $25,000. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter worth $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com in the first quarter worth $40,000. Capitol Family Office Inc. purchased a new position in Amazon.com in the first quarter worth $42,000. Finally, Harbor Investment Advisory LLC grew its position in 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 acquiring an additional 2,145 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.8%

Shares of AMZN stock opened at $228.15 on Monday. The company has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 34.78, a PEG ratio of 1.53 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company’s fifty day moving average price is $226.87 and its 200-day moving average price is $208.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on AMZN shares. HSBC boosted their price target on shares of Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Morgan Stanley restated an “overweight” rating on shares of Amazon.com in a report on Wednesday. Cowen reissued a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. Royal Bank Of Canada upped their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Two equities research 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. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average target price of $262.87.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574 in the last quarter. 10.80% of the stock is currently owned by insiders.

About Amazon.com

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.