GoalFusion Wealth Management LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,638 shares of the e-commerce giant's stock, valued at approximately $359,000. Amazon.com comprises 0.2% of GoalFusion Wealth Management LLC's portfolio, making the stock its 21st largest position.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE grew its holdings in shares of Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after purchasing an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new stake in shares of Amazon.com during the fourth quarter worth about $2,153,000. Institutional investors own 72.20% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. Piper Sandler boosted their price target on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Zacks Research lowered Amazon.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned 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.
Check Out Our Latest Stock Report on AMZN
Insiders Place Their Bets
In related news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company's stock, valued at approximately $10,914,260. This represents a 26.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the 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 completion of the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at $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 a total of 14,040,098 shares of company stock worth $3,204,129,405 in the last three months. 9.70% of the stock is owned by corporate insiders.
Amazon.com Price Performance
Shares of NASDAQ:AMZN opened at $227.74 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The stock's 50 day moving average is $225.90 and its 200-day moving average is $211.75. The firm has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 34.72, a PEG ratio of 1.51 and a beta of 1.28.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 for 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 for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Amazon.com Profile
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Free Report)
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.
See Also
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