Navera Investment Management Ltd. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,068,639 shares of the e-commerce giant’s stock after buying an additional 15,880 shares during the quarter. Amazon.com accounts for about 4.3% of Navera Investment Management Ltd.’s investment portfolio, making the stock its 14th biggest position. Navera Investment Management Ltd.’s holdings in Amazon.com were worth $234,442,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake 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 valued at $158,348,557,000 after buying an additional 8,913,959 shares during the last quarter. Kingstone Capital Partners Texas LLC grew its stake 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 valued at $29,100,194,000 after buying an additional 132,616,953 shares during the last quarter. Northern Trust Corp grew its stake 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 valued at $18,527,354,000 after buying an additional 302,858 shares during the last quarter. Nuveen LLC bought a new position in shares of Amazon.com during the first quarter valued at approximately $11,674,091,000. Finally, Charles Schwab Investment Management Inc. grew its stake 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 valued at $11,461,952,000 after buying an additional 605,415 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.
Insider Activity
In related news, SVP David Zapolsky sold 13,570 shares of the business’s 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 $9,825,943.60. The trade was a 23.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 6,835 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.62, for a total value of $1,514,772.70. Following the transaction, the chief executive officer owned 520,507 shares in the company, valued at approximately $115,354,761.34. This trade represents a 1.30% 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 over the last quarter. Company insiders own 10.80% of the company’s stock.
Amazon.com Stock Up 1.4%
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
AMZN has been the topic of several research analyst reports. Pivotal Research increased their price objective on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Zacks Research raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Scotiabank lifted their target price 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, UBS Group reaffirmed a “buy” rating and set a $271.00 target price on shares of Amazon.com in a research report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $268.69.
Read Our Latest Stock Analysis on Amazon.com
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.
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