DDD Partners LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the second quarter, according to their latest 13F filing with the Securities and Exchange Commission. The investment firm now holds 174,061 shares of the e-commerce giant, having added 2,485 shares in the period. Amazon.com constitutes about 4.1% of DDD Partners LLC’s portfolio, making it the company’s third-largest holding, valued at approximately $38.2 million.
Other significant investors have also modified their positions in Amazon. Barlow Wealth Partners Inc. raised its investment by 0.4%, now owning 12,565 shares with a total value of $2.76 million. Similarly, Ridgecrest Wealth Partners LLC and Probity Advisors Inc. increased their stakes by 0.5% and 0.4%, respectively, representing a continued trend of institutional investment in the tech company. Currently, institutional investors own 72.20% of Amazon’s stock.
On the insider trading front, Senior Vice President David Zapolsky sold 13,570 shares at an average price of $222.76 on August 22, totaling over $3 million. This sale reflects a 23.53% reduction in his holdings. CEO Andrew R. Jassy also sold 19,872 shares on August 21 for approximately $4.4 million. Collectively, insiders have sold 123,300 shares valued at nearly $28.3 million recently, with corporate insiders maintaining a combined ownership of 9.70% in the company.
Analysts remain bullish on Amazon, with various upgrades in recent reports. Morgan Stanley reaffirmed an “overweight” rating with a price target raised to $315.00. Other firms, including Cowen and DA Davidson, have similarly issued “buy” ratings, suggesting strong confidence in Amazon’s growth potential. With the latest consensus rating standing at “Buy” along with a target price of $294.15, the outlook for Amazon remains positive.
Amazon’s stock was priced at $232.87 at the market’s opening on Tuesday, reflecting robust performance characteristics with a current ratio of 1.02 and low debt-to-equity ratio of 0.15. Recently, the company reported earnings of $1.95 per share for the third quarter, surpassing expectations and demonstrating a year-over-year revenue growth of 13.4%.
With its vast range of products and services—including retail sales, advertising, and cloud services via Amazon Web Services (AWS)—Amazon continues to be a major player in the market. The firm’s strong fundamentals, combined with growing analyst optimism, paint a hopeful picture for its future performance.