Amazon.com, Inc. $AMZN Shares Acquired by Axis Wealth Partners LLC

Key Points

• Axis Wealth Partners LLC significantly increased its ownership of Amazon.com shares by 71.1%, now holding 7,640 shares valued at approximately $1.68 million.
• Insider selling included CEO Andrew Jassy offloading 19,872 shares for about $4.4 million, reducing his stake by 0.90%.
• Several analysts raised their price targets for Amazon.com, with a consensus price target of $266.26 and an overall average rating of "Buy".

Axis Wealth Partners LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 71.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,640 shares of the e-commerce giant's stock after purchasing an additional 3,175 shares during the period. Amazon.com comprises 1.1% of Axis Wealth Partners LLC's investment portfolio, making the stock its 25th biggest position. Axis Wealth Partners LLC's holdings in Amazon.com were worth $1,676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Carderock Capital Management Inc. purchased a new stake in Amazon.com during the 2nd quarter valued at about $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com during the 1st quarter valued at about $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com during the 1st quarter valued at about $40,000. Capitol Family Office Inc. purchased a new stake in Amazon.com during the 1st quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. grew its stake in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total transaction of $542,750.00. Following the completion of the sale, the chief executive officer directly owned 515,507 shares in the company, valued at approximately $111,916,569.70. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,845,122 shares of company stock worth $4,731,747,929. Corporate insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Amazon.com stock opened at $219.51 on Friday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company's 50 day moving average is $226.55 and its two-hundred day moving average is $211.02. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.34 trillion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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 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 prior year, the firm posted $1.26 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Moffett Nathanson increased their price target on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Telsey Advisory Group reissued an "outperform" rating and issued a $265.00 price target on shares of Amazon.com in a research note on Wednesday, September 24th. Mizuho set a $300.00 price target on shares of Amazon.com and gave the company an "outperform" rating in a research note on Monday. Finally, DA Davidson increased their price target on shares of Amazon.com from $230.00 to $265.00 and gave the company a "buy" 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 given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $266.26.

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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