Douglas Lane & Associates LLC Increases Stake in Amazon.com, Inc. $AMZN

Douglas Lane & Associates LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 43.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 367,530 shares of the e-commerce giant’s stock after purchasing an additional 110,881 shares during the quarter. Amazon.com comprises 1.2% of Douglas Lane & Associates LLC’s portfolio, making the stock its 24th largest position. Douglas Lane & Associates LLC’s holdings in Amazon.com were worth $80,632,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter worth $25,000. Cooksen Wealth LLC bought a new position in Amazon.com during the first quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com in the first quarter worth approximately $40,000. Capitol Family Office Inc. bought a new position in Amazon.com in the first quarter worth approximately $42,000. Finally, Harbor Investment Advisory LLC raised 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 during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Moffett Nathanson increased their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. UBS Group reissued a “buy” rating and issued a $271.00 price objective (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Bank of America lifted their price target on shares of Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Stifel Nicolaus lifted their price target on shares of Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $263.30.

Amazon.com Trading Down 1.0%

NASDAQ AMZN opened at $231.62 on Thursday. 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, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The firm has a market cap of $2.47 trillion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 1.56 and a beta of 1.30. The company has a 50 day moving average price of $227.51 and a 200 day moving average price of $209.05.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the business posted $1.26 EPS. Amazon.com’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, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. Corporate insiders own 9.70% of the company’s stock.

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.