Amazon.com, Inc. $AMZN Shares Bought by LifeGoal Wealth Advisors

Key Points

• LifeGoal Wealth Advisors increased its stake in Amazon.com, Inc. by 116.6% during the second quarter, owning a total of 4,556 shares worth approximately $1 million.
• A number of institutional investors, including Spartan Planning & Wealth Management and Raleigh Capital Management Inc., have notably increased their holdings in Amazon, reflecting positive sentiment towards the e-commerce giant.
• Amazon's current trading price is around $220.07, with a market capitalization of $2.35 trillion, showing both strong investor interest and a solid financial performance in recent quarters.

LifeGoal Wealth Advisors increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 116.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,556 shares of the e-commerce giant's stock after purchasing an additional 2,453 shares during the quarter. Amazon.com makes up approximately 1.0% of LifeGoal Wealth Advisors' portfolio, making the stock its 24th biggest position. LifeGoal Wealth Advisors' holdings in Amazon.com were worth $1,000,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. increased its position in shares of Amazon.com by 2.6% during the second quarter. Sterling Investment Advisors Ltd. now owns 71,694 shares of the e-commerce giant's stock worth $15,729,000 after purchasing an additional 1,808 shares in the last quarter. Northwest Wealth Management LLC increased its position in shares of Amazon.com by 2.6% during the second quarter. Northwest Wealth Management LLC now owns 20,657 shares of the e-commerce giant's stock worth $4,532,000 after purchasing an additional 530 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of Amazon.com by 15.1% during the second quarter. Raleigh Capital Management Inc. now owns 12,753 shares of the e-commerce giant's stock worth $2,798,000 after purchasing an additional 1,669 shares in the last quarter. Asio Capital LLC increased its position in shares of Amazon.com by 6.2% during the second quarter. Asio Capital LLC now owns 62,023 shares of the e-commerce giant's stock worth $13,607,000 after purchasing an additional 3,642 shares in the last quarter. Finally, Spartan Planning & Wealth Management increased its position in shares of Amazon.com by 92.6% during the second quarter. Spartan Planning & Wealth Management now owns 19,488 shares of the e-commerce giant's stock worth $4,275,000 after purchasing an additional 9,369 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMZN. Cantor Fitzgerald lifted their target price on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Zacks Research downgraded Amazon.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 price objective on shares of Amazon.com in a research report on Wednesday, September 24th. The Goldman Sachs Group upped their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Finally, Mizuho set a $300.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a report on Monday, September 29th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Buy" and an average price target of $266.26.

Amazon.com Trading Up 1.7%

Shares of AMZN opened at $220.07 on Tuesday. 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 capitalization of $2.35 trillion, a P/E ratio of 33.55, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28. The stock's fifty day simple moving average is $226.10 and its 200 day simple moving average is $212.16. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the company posted $1.26 earnings per share. The firm'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, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares of the company's stock, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,864,716 shares of company stock valued at $2,486,013,854 over the last 90 days. Corporate insiders own 10.80% of the company's stock.

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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