Bay Rivers Group Acquires 1,135 Shares of Amazon.com, Inc. $AMZN

Bay Rivers Group boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,250 shares of the e-commerce giant’s stock after purchasing an additional 1,135 shares during the quarter. Amazon.com comprises approximately 2.4% of Bay Rivers Group’s holdings, making the stock its 15th largest holding. Bay Rivers Group’s holdings in Amazon.com were worth $5,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $25,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com during the 1st quarter valued at about $40,000. Capitol Family Office Inc. purchased a new stake in Amazon.com during the 1st quarter valued at about $42,000. Finally, Harbor Investment Advisory LLC boosted its holdings in 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

A number of research firms have issued reports on AMZN. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, September 11th. Bank of America raised their target price 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. Scotiabank lifted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 22nd. Zacks Research cut shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Cowen reissued a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $263.30.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Up 0.1%

Shares of NASDAQ:AMZN opened at $231.48 on Friday. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.55 and a beta of 1.30. The business’s 50 day moving average is $227.81 and its 200 day moving average is $209.43. 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 12-month low of $161.38 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its 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 business had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast 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.