Amazon.com, Inc. $AMZN is Grant Private Wealth Management Inc's 3rd Largest Position

Key Points

• Grant Private Wealth Management Inc has increased its stake in Amazon.com, now owning 33,076 shares, representing a 51.7% increase and making it the firm's 3rd largest position.
• Several analysts have raised their price targets for Amazon.com, with HSBC setting it at $256.00 and DA Davidson raising it to $265.00, supporting a strong buy sentiment.
• Insider Jeffrey P. Bezos sold over 4.27 million shares, valued at nearly $961 million, while insiders collectively sold around 21.77 million shares worth almost $4.94 billion in the past quarter.

Grant Private Wealth Management Inc increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 51.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,076 shares of the e-commerce giant's stock after acquiring an additional 11,266 shares during the quarter. Amazon.com comprises 4.1% of Grant Private Wealth Management Inc's holdings, making the stock its 3rd biggest position. Grant Private Wealth Management Inc's holdings in Amazon.com were worth $7,257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Bare Financial Services Inc increased its stake in Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant's stock valued at $177,000 after purchasing an additional 48 shares in the last quarter. Vista Investment Partners LLC increased its stake in Amazon.com by 0.9% during the 2nd quarter. Vista Investment Partners LLC now owns 5,859 shares of the e-commerce giant's stock valued at $1,285,000 after purchasing an additional 52 shares in the last quarter. Talisman Wealth Advisors LLC increased its stake in Amazon.com by 1.2% during the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock valued at $1,020,000 after purchasing an additional 53 shares in the last quarter. Stonekeep Investments LLC increased its stake in Amazon.com by 0.4% during the 2nd quarter. Stonekeep Investments LLC now owns 13,811 shares of the e-commerce giant's stock valued at $3,030,000 after purchasing an additional 54 shares in the last quarter. Finally, SWAN Capital LLC increased its stake in Amazon.com by 3.1% during the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. HSBC increased their price objective on shares of Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. DA Davidson increased their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Susquehanna increased their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Moffett Nathanson increased their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of "Buy" and a consensus price target of $264.04.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred 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 sale, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 21,772,985 shares of company stock worth $4,939,346,118 over the last quarter. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

AMZN opened at $219.78 on Monday. The firm has a market capitalization of $2.34 trillion, a PE ratio of 33.50, a PEG ratio of 1.47 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm's 50-day moving average price is $227.44 and its 200 day moving average price is $210.35. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping 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 company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.

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