Bank & Trust Co Increases Position in Amazon.com, Inc. $AMZN

Bank & Trust Co raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,242 shares of the e-commerce giant’s stock after purchasing an additional 67 shares during the period. Amazon.com accounts for 1.3% of Bank & Trust Co’s investment portfolio, making the stock its 21st largest holding. Bank & Trust Co’s holdings in Amazon.com were worth $1,589,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com in the 2nd quarter valued at $27,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 1st quarter worth $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter worth $40,000. Capitol Family Office Inc. acquired a new stake in Amazon.com during the 1st quarter worth $42,000. Finally, Ryan Investment Management Inc. acquired a new stake in Amazon.com during the 2nd quarter worth $48,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.1%

Shares of AMZN stock opened at $222.17 on Tuesday. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. 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 fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm’s 50 day moving average price is $227.30 and its two-hundred day moving average price is $210.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share 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 firm had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same period in the previous year, the company posted $1.26 earnings per share. Amazon.com’s revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com 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 in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com 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 owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,770,485 shares of company stock valued at $4,938,795,968. 10.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Oppenheimer decreased their price target on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Canaccord Genuity Group reiterated a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Finally, DA Davidson raised their target price on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $264.13.

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.