Amazon.com, Inc. $AMZN Shares Purchased by Chemistry Wealth Management LLC

Key Points

• Chemistry Wealth Management LLC increased its stake in Amazon.com, Inc. by 4.6% in Q2, now holding 56,024 shares valued at approximately $12.29 million.
• Amazon.com reported earnings of $1.68 per share for the last quarter, surpassing analysts' expectations of $1.31, with revenues totaling $167.7 billion.
• Insider Jeffrey P. Bezos sold over 4.2 million shares for nearly $960.67 million, reducing his ownership stake by 0.47%.

Chemistry Wealth Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,024 shares of the e-commerce giant's stock after buying an additional 2,488 shares during the period. Amazon.com accounts for 2.6% of Chemistry Wealth Management LLC's investment portfolio, making the stock its 10th biggest holding. Chemistry Wealth Management LLC's holdings in Amazon.com were worth $12,291,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com during the 4th quarter valued at about $25,000. Cooksen Wealth LLC purchased a new position in Amazon.com during the first quarter worth $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth $40,000. Capitol Family Office Inc. purchased a new stake in shares of Amazon.com during the first quarter valued at about $42,000. Finally, Harbor Investment Advisory LLC raised its stake in Amazon.com by 0.7% in the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 2,145 shares during 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, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares of the company's stock, valued at $10,914,260. This represents a 26.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total transaction of $558,725.00. Following the completion of the sale, the chief executive officer owned 518,007 shares in the company, valued at $115,769,384.43. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 in the last three months. Corporate insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMZN. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research report on Friday, June 27th. Needham & Company LLC reiterated a "buy" rating and issued a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Telsey Advisory Group reissued an "outperform" rating and set a $265.00 price objective on shares of Amazon.com in a report on Wednesday, August 13th. Wedbush reissued an "outperform" rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday. Finally, Stifel Nicolaus lifted their price target 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-six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $263.30.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $3.50 during trading on Monday, hitting $227.98. The stock had a trading volume of 29,253,719 shares, compared to its average volume of 43,878,426. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.43 trillion, a price-to-earnings ratio of 34.75, a P/E/G ratio of 1.55 and a beta of 1.30. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The business's 50-day moving average is $227.81 and its 200 day moving average is $209.49.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.