AE Wealth Management LLC Has $195.35 Million Stake in Amazon.com, Inc. $AMZN

Key Points

• AE Wealth Management LLC increased its holdings in Amazon.com by 4.7%, bringing its total ownership to over 1 million shares, valued at approximately $195 million.
• Amazon's stock recently traded up 3.1% to $228.84, with a market cap of $2.44 trillion and a price-to-earnings ratio of 34.88.
• Wall Street analysts largely maintain a positive outlook on Amazon, with a consensus rating of "Buy" and a price target averaging around $262.87, indicating expected growth.

AE Wealth Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,026,775 shares of the e-commerce giant's stock after purchasing an additional 46,118 shares during the quarter. Amazon.com comprises about 1.6% of AE Wealth Management LLC's portfolio, making the stock its 5th biggest position. AE Wealth Management LLC's holdings in Amazon.com were worth $195,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Western Wealth Management LLC raised its stake in shares of Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after buying an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. bought a new stake in Amazon.com in the fourth quarter valued at approximately $749,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Amazon.com in the first quarter valued at approximately $514,000. Segall Bryant & Hamill LLC raised its holdings in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares during the period. Finally, Bearing Point Capital LLC acquired a new stake in Amazon.com in the fourth quarter worth $12,014,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. HSBC increased their target price on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Tigress Financial increased their target price on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Citigroup reiterated an "overweight" rating on shares of Amazon.com in a report on Wednesday, August 13th. Zacks Research lowered shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Westpark Capital reiterated a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and an average price target of $262.87.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 25,012,284 shares of company stock valued at $5,656,976,492 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 0.1%

Amazon.com stock traded down $0.2130 during mid-day trading on Monday, reaching $228.6270. The company's stock had a trading volume of 12,699,290 shares, compared to its average volume of 44,351,199. The company has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.84, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The business's 50 day simple moving average is $222.63 and its 200 day simple moving average is $207.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The business 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 firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share 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.