Peregrine Investment Management Inc. Increases Stake in Amazon.com, Inc. $AMZN

Peregrine Investment Management Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 49.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,170 shares of the e-commerce giant’s stock after acquiring an additional 15,000 shares during the period. Amazon.com accounts for 6.3% of Peregrine Investment Management Inc.’s investment portfolio, making the stock its 7th biggest position. Peregrine Investment Management Inc.’s holdings in Amazon.com were worth $9,910,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMZN. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com during the 2nd quarter valued at about $27,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at about $40,000. Capitol Family Office Inc. bought a new stake in shares of Amazon.com during the 1st quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. boosted its stake in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated 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 directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 20,845,122 shares of company stock worth $4,731,747,929. 9.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a research note on Tuesday, July 1st. Citigroup reaffirmed an “overweight” rating on shares of Amazon.com in a research note on Wednesday, August 13th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. BMO Capital Markets lifted their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus lifted their target price on shares of Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $266.26.

Amazon.com Price Performance

Amazon.com stock opened at $219.51 on Friday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a market cap of $2.34 trillion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.49 and a beta of 1.28. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average is $226.55 and its 200 day moving average is $211.02.

Amazon.com (NASDAQ:AMZN) last posted its quarterly 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 company 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 firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Company 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.