Amazon.com, Inc. $AMZN is Vantage Wealth's 4th Largest Position

Key Points

• Vantage Wealth has increased its holdings in Amazon.com, making it the fund's 4th largest position, now comprising 4.9% of its portfolio and valued at approximately $21.4 million.
• Institutional investors own 72.20% of Amazon's stock, with notable increases from firms like Vanguard and Kingstone Capital Partners, the latter raising its position by an extraordinary 542,733.6%.
• Analysts have set a consensus target price of $264.04 for Amazon, with a significant number recommending a Buy rating following recent price target increases from firms such as Wells Fargo and Scotiabank.

Vantage Wealth increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 97,554 shares of the e-commerce giant's stock after acquiring an additional 2,867 shares during the period. Amazon.com comprises 4.9% of Vantage Wealth's portfolio, making the stock its 4th biggest position. Vantage Wealth's holdings in Amazon.com were worth $21,402,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its position in shares of Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock worth $29,100,194,000 after acquiring an additional 132,616,953 shares in the last quarter. Northern Trust Corp raised its position in shares of Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock worth $18,527,354,000 after acquiring an additional 302,858 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Amazon.com by 14.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,975,984 shares of the e-commerce giant's stock worth $14,474,471,000 after acquiring an additional 8,142,030 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Amazon.com in the 1st quarter worth $11,674,091,000. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on AMZN. Wells Fargo & Company raised Amazon.com from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $245.00 to $280.00 in a research report on Wednesday, September 24th. Westpark Capital reissued a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Citigroup reissued an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. Wall Street Zen upgraded Amazon.com from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Scotiabank boosted their target price on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $264.04.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total value of $558,725.00. Following the completion of the sale, the chief executive officer owned 518,007 shares of the company's stock, valued at approximately $115,769,384.43. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $26,548,039.20. This represents a 2.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,772,985 shares of company stock valued at $4,939,346,118. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Up 0.7%

Shares of AMZN opened at $219.78 on Monday. The stock's 50-day moving average price is $227.44 and its 200-day moving average price is $210.35. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 33.50, a PEG ratio of 1.47 and a beta of 1.31. 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 (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the prior year, the firm earned $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. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS 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.

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