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

Key Points

• Signal Advisors Wealth LLC increased its stake in Amazon.com by 55.9%, now holding 54,739 shares worth approximately $12 million.
• Jeffrey P. Bezos sold over 4 million shares of Amazon.com for nearly $961 million, which represents a 0.47% decrease in his ownership.
• Several research analysts have raised their price targets for Amazon.com, with Bank of America setting a target of $272.00 and JMP raising it to $265.00.

Signal Advisors Wealth LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 55.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,739 shares of the e-commerce giant's stock after acquiring an additional 19,638 shares during the period. Amazon.com accounts for approximately 0.9% of Signal Advisors Wealth LLC's holdings, making the stock its 23rd biggest position. Signal Advisors Wealth LLC's holdings in Amazon.com were worth $12,010,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at approximately $25,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the 1st quarter worth $40,000. Capitol Family Office Inc. acquired a new position in shares of Amazon.com during the 1st quarter worth $42,000. Finally, Harbor Investment Advisory LLC increased its stake in shares of Amazon.com by 0.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after purchasing an additional 2,145 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction 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 transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574 in the last 90 days. 9.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Bank of America raised their target price on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a research report on Friday, June 27th. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Evercore ISI reiterated an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $264.04.

Amazon.com Stock Performance

Shares of AMZN stock opened at $220.21 on Thursday. The company's fifty day simple moving average is $227.68 and its 200-day simple moving average is $209.83. 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 $2.35 trillion, a PE ratio of 33.57, a P/E/G ratio of 1.47 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.

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, topping analysts' consensus estimates 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%. The firm's revenue for the quarter 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. Equities research 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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