WT Asset Management Ltd Has $105.83 Million Position in Amazon.com, Inc. $AMZN

WT Asset Management Ltd boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 482,400 shares of the e-commerce giant’s stock after purchasing an additional 59,863 shares during the period. Amazon.com comprises 7.4% of WT Asset Management Ltd’s portfolio, making the stock its 5th biggest holding. WT Asset Management Ltd’s holdings in Amazon.com were worth $105,834,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. increased its holdings in shares of 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 worth $158,348,557,000 after buying an additional 8,913,959 shares in the last quarter. Kingstone Capital Partners Texas LLC increased its holdings in shares of Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after buying an additional 132,616,953 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Amazon.com by 0.3% during the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after buying an additional 302,858 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Amazon.com during the first quarter worth approximately $11,674,091,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Amazon.com by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock worth $11,461,952,000 after buying an additional 605,415 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, VP Shelley Reynolds sold 2,715 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the transaction, the vice president owned 119,780 shares of the company’s stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the transaction, the chief executive officer directly owned 3,138 shares of the company’s stock, valued at $695,286.66. This trade represents a 85.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,252,009 shares of company stock worth $976,047,640. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AMZN shares. Pivotal Research raised their price target on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 1st. Citigroup reissued an “overweight” rating on shares of Amazon.com in a report on Wednesday, August 13th. JMP Securities reissued a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a report on Friday, August 1st. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, BNP Paribas Exane raised shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target for the company in a report on Friday, June 27th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $266.26.

Amazon.com Price Performance

AMZN opened at $216.48 on Tuesday. The company has a fifty day moving average price of $225.56 and a two-hundred day moving average price of $213.20. 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, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The firm has a market capitalization of $2.31 trillion, a PE ratio of 33.00, a P/E/G ratio of 1.41 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the business earned $1.26 EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share 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.