Amazon.com, Inc. $AMZN Shares Purchased by Hardy Reed LLC

Hardy Reed LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,951 shares of the e-commerce giant’s stock after purchasing an additional 2,808 shares during the quarter. Amazon.com accounts for 0.6% of Hardy Reed LLC’s portfolio, making the stock its 21st largest position. Hardy Reed LLC’s holdings in Amazon.com were worth $7,668,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Amazon.com by 1.1% during the 1st 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 during the last quarter. Kingstone Capital Partners Texas LLC lifted its holdings in Amazon.com by 542,733.6% during the 2nd 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 during the last quarter. Northern Trust Corp lifted its holdings in Amazon.com by 0.3% during the 1st 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 during the last quarter. Nuveen LLC bought a new position in Amazon.com during the 1st quarter worth approximately $11,674,091,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Amazon.com by 1.0% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,911 shares of company stock worth $21,765,202 in the last quarter. Company insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Amazon.com in a report on Wednesday, September 10th. Mizuho set a $300.00 target price on Amazon.com and gave the stock an “outperform” rating in a report on Monday, September 29th. Monness Crespi & Hardt increased their target price on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Citizens Jmp started coverage on Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Finally, UBS Group reissued a “buy” rating and issued a $271.00 price target on shares of Amazon.com in a report on Wednesday. Four 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 MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $268.69.

Amazon.com Stock Up 1.4%

Shares of AMZN stock opened at $224.21 on Friday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The stock has a market cap of $2.39 trillion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.28. The business’s fifty day moving average is $225.10 and its 200-day moving average is $213.97. 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 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. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same period last year, the firm earned $1.26 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.