Access Financial Services Inc. Has $1.93 Million Stake in Amazon.com, Inc. $AMZN

Key Points

• Access Financial Services Inc. decreased its stake in Amazon.com by 40.2% during Q2, owning 8,778 shares now valued at approximately $1.93 million.
• Insider Jeffrey P. Bezos sold over 4.27 million shares worth nearly $973 million, reducing his ownership by 0.48%.
• Analysts are optimistic about Amazon's stock, with multiple firms adjusting their price targets upward, leading to a consensus target price of $266.26 and an average rating of "Buy".

Access Financial Services Inc. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 40.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,778 shares of the e-commerce giant's stock after selling 5,896 shares during the period. Amazon.com comprises about 0.7% of Access Financial Services Inc.'s investment portfolio, making the stock its 20th biggest holding. Access Financial Services Inc.'s holdings in Amazon.com were worth $1,926,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ridgecrest Wealth Partners LLC raised its holdings in shares of Amazon.com by 0.5% during the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock worth $1,843,000 after acquiring an additional 45 shares in the last quarter. Bare Financial Services Inc raised its holdings in shares of Amazon.com by 5.4% during the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant's stock worth $177,000 after acquiring an additional 48 shares in the last quarter. Heritage Oak Wealth Advisors LLC raised its holdings in shares of Amazon.com by 1.2% during the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant's stock worth $862,000 after acquiring an additional 48 shares in the last quarter. Cobblestone Asset Management LLC raised its holdings in shares of Amazon.com by 3.1% during the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant's stock worth $367,000 after acquiring an additional 50 shares in the last quarter. Finally, Seek First Inc. lifted its stake in shares of Amazon.com by 0.5% in the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant's stock valued at $2,009,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $227.77, for a total transaction of $973,315,191.49. Following the transaction, the insider directly owned 890,273,469 shares in the company, valued at approximately $202,777,588,034.13. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,864,716 shares of company stock valued at $2,486,013,854. 9.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AMZN shares. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Oppenheimer reduced their price objective on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Barclays lifted their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $266.26.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $213.04 on Friday. The firm's 50-day moving average is $225.66 and its 200-day moving average is $212.52. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. 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 company has a market cap of $2.27 trillion, a price-to-earnings ratio of 32.48, a PEG ratio of 1.42 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, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the previous year, the business earned $1.26 EPS. The firm's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.