Norris Perne & French LLP MI Has $50.06 Million Holdings in Amazon.com, Inc. $AMZN

Norris Perne & French LLP MI grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 228,184 shares of the e-commerce giant’s stock after purchasing an additional 417 shares during the quarter. Amazon.com makes up 3.5% of Norris Perne & French LLP MI’s holdings, making the stock its 2nd largest holding. Norris Perne & French LLP MI’s holdings in Amazon.com were worth $50,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Western Wealth Management LLC grew its holdings in shares of Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC grew its holdings in shares of Amazon.com by 87.7% in the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after acquiring an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Amazon.com in the 1st quarter valued at about $514,000. Border to Coast Pensions Partnership Ltd grew its holdings in Amazon.com by 6.0% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after purchasing an additional 63,924 shares during the period. Finally, Formidable Asset Management LLC grew its holdings in Amazon.com by 2.6% during the first quarter. Formidable Asset Management LLC now owns 35,136 shares of the e-commerce giant’s stock worth $6,685,000 after purchasing an additional 889 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 5.0%

Shares of AMZN stock opened at $216.37 on Monday. The firm has a 50 day moving average price of $225.94 and a two-hundred day moving average price of $211.97. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.31 trillion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on 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 sale, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,597,911 shares of company stock valued at $2,652,463,783 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMZN. Needham & Company LLC reiterated a “buy” rating and set a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Canaccord Genuity Group reiterated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Roth Capital set a $250.00 price target on Amazon.com and gave the stock a “buy” rating in a report on Tuesday, July 8th. Barclays lifted their price target on Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, BMO Capital Markets lifted their price target on Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Three 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. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $266.26.

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.