Weaver Capital Management LLC Has $7.04 Million Stock Holdings in Amazon.com, Inc. $AMZN

Weaver Capital Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,086 shares of the e-commerce giant’s stock after purchasing an additional 2,508 shares during the period. Amazon.com makes up 1.7% of Weaver Capital Management LLC’s portfolio, making the stock its 12th biggest position. Weaver Capital Management LLC’s holdings in Amazon.com were worth $7,039,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Amazon.com by 1.1% in 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 purchasing an additional 8,913,959 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its position 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 worth $29,100,194,000 after purchasing an additional 132,616,953 shares in the last quarter. Northern Trust Corp raised its position in Amazon.com by 0.3% in 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 purchasing an additional 302,858 shares in the last quarter. Nuveen LLC acquired a new position in Amazon.com in the first quarter worth about $11,674,091,000. Finally, Charles Schwab Investment Management Inc. raised its position in Amazon.com by 1.0% in 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 purchasing an additional 605,415 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Wall Street Zen raised shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Tuesday, July 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Finally, Rosenblatt Securities raised their price objective on shares of Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Four investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $268.54.

Insider Activity at Amazon.com

In other news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the transaction, the chief executive officer directly owned 520,507 shares in the company, valued at approximately $115,354,761.34. This represents a 1.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 97,911 shares of company stock valued at $21,765,202. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN stock opened at $229.25 on Wednesday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The stock has a market cap of $2.44 trillion, a PE ratio of 34.95, a PEG ratio of 1.50 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm’s 50 day moving average price is $225.04 and its two-hundred day moving average price is $215.02.

Amazon.com (NASDAQ:AMZN) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.