Amazon.com, Inc. $AMZN Shares Bought by Independence Bank of Kentucky

Independence Bank of Kentucky raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,531 shares of the e-commerce giant’s stock after purchasing an additional 4,266 shares during the quarter. Amazon.com accounts for about 2.7% of Independence Bank of Kentucky’s holdings, making the stock its 7th biggest position. Independence Bank of Kentucky’s holdings in Amazon.com were worth $18,765,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its stake in 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 during the period. Nuveen LLC bought a new position in Amazon.com during the first quarter worth $11,674,091,000. Goldman Sachs Group Inc. increased its holdings in Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after buying an additional 10,176,835 shares during the last quarter. 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 during the last quarter. Finally, Amundi boosted its holdings in Amazon.com by 15.1% in the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock valued at $9,884,098,000 after acquiring an additional 7,267,277 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 5.0%

NASDAQ:AMZN opened at $216.37 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 capitalization of $2.31 trillion, a PE ratio of 32.98, a P/E/G ratio of 1.43 and a beta of 1.28. The stock’s 50 day moving average price is $225.94 and its 200 day moving average price is $211.90. 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 (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 the consensus estimate of $1.31 by $0.37. The company 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 firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company upgraded Amazon.com from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $245.00 to $280.00 in a research note on Wednesday, September 24th. Oppenheimer reduced their target price on Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a report on Friday, August 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $265.00 price objective on shares of Amazon.com in a research report on Wednesday, September 24th. Wedbush reiterated an “outperform” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, September 19th. Finally, Mizuho set a $300.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a research report on Monday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $266.26.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the transaction, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated 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 transaction, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,040,098 shares of company stock worth $3,204,129,405 in the last 90 days. Corporate insiders own 9.70% of the company’s stock.

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.