Amazon.com, Inc. $AMZN Holdings Boosted by WealthBridge Investment Counsel Inc.

Key Points

• WealthBridge Investment Counsel Inc. increased its holdings in Amazon.com, Inc. by 2.4%, owning 56,911 shares worth approximately $12.5 million as of the end of the second quarter.
• Amazon recently reported $1.68 earnings per share for the last quarter, surpassing analysts' estimates of $1.31, with revenue rising 13.3% year-over-year to $167.70 billion.
• Insider Jeffrey P. Bezos sold over 4 million shares of Amazon's stock for nearly $960.67 million, representing a 0.47% decrease in his ownership of the company.

WealthBridge Investment Counsel Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,911 shares of the e-commerce giant's stock after buying an additional 1,345 shares during the quarter. Amazon.com accounts for about 4.0% of WealthBridge Investment Counsel Inc.'s investment portfolio, making the stock its 6th largest position. WealthBridge Investment Counsel Inc.'s holdings in Amazon.com were worth $12,486,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Western Wealth Management LLC lifted its holdings in 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 valued at $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC lifted its holdings in Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant's stock valued at $968,000 after purchasing an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Amazon.com during the first quarter valued at approximately $514,000. McIlrath & Eck LLC lifted its holdings in Amazon.com by 8.8% during the fourth quarter. McIlrath & Eck LLC now owns 18,498 shares of the e-commerce giant's stock valued at $4,058,000 after purchasing an additional 1,490 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in Amazon.com by 0.7% during the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock valued at $58,000 after purchasing an additional 2,145 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 0.7%

Shares of AMZN opened at $219.78 on Friday. 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, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.34 trillion, a PE ratio of 33.50, a P/E/G ratio of 1.47 and a beta of 1.30. The company's fifty day moving average is $227.44 and its 200 day moving average is $210.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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. 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 analysts' expectations of $161.80 billion. During the same quarter in the previous year, the business posted $1.26 earnings per share. The business's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 21,997,911 shares of company stock worth $4,989,630,574 in the last quarter. Insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on AMZN shares. Oppenheimer lowered their price target on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. DA Davidson lifted their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Piper Sandler lifted their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus lifted their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Two 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 data from MarketBeat, Amazon.com presently has an average rating of "Buy" and a consensus price target of $264.04.

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.

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