Amazon.com, Inc. $AMZN Position Boosted by Fifth Third Bancorp

Fifth Third Bancorp boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,910,686 shares of the e-commerce giant’s stock after purchasing an additional 59,848 shares during the period. Amazon.com comprises about 3.0% of Fifth Third Bancorp’s investment portfolio, making the stock its 5th biggest position. Fifth Third Bancorp’s holdings in Amazon.com were worth $857,965,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares in the last quarter. Kingstone Capital Partners Texas LLC lifted its position in shares of Amazon.com by 542,733.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after acquiring an additional 132,616,953 shares in the last quarter. Northern Trust Corp lifted its position in shares of Amazon.com by 0.3% in the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after acquiring an additional 302,858 shares in the last quarter. Nuveen LLC purchased a new position in shares of Amazon.com in the first quarter valued at about $11,674,091,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Amazon.com by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock valued at $11,461,952,000 after acquiring an additional 605,415 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other 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 stock was 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 of the company’s stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 20,845,122 shares of company stock worth $4,731,747,929 over the last quarter. Corporate insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on AMZN shares. Cowen restated a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Bank of America boosted their price objective on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research report on Thursday, September 11th. Scotiabank boosted their price objective on Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Amazon.com in a research report on Saturday, September 27th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average price target of $266.26.

Amazon.com Trading Down 1.3%

AMZN opened at $219.51 on Friday. The stock has a market cap of $2.34 trillion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 1.49 and a beta of 1.28. The stock’s 50 day moving average price is $226.55 and its 200-day moving average price is $211.02. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for 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 company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.