Amazon.com, Inc. $AMZN Shares Purchased by Destiny Wealth Partners LLC

Key Points

• Destiny Wealth Partners LLC increased its stake in Amazon.com, Inc. by 8.4%, owning a total of 132,936 shares valued at approximately $29.2 million.
• Amazon.com was given a consensus "Buy" rating by analysts, with a price target increase by various firms, reaching an average target of $266.26.
• A recent earnings report showed Amazon's quarterly revenue at $167.7 billion, exceeding expectations, with an EPS of $1.68 surpassing analysts' estimates by $0.37.

Destiny Wealth Partners LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,936 shares of the e-commerce giant's stock after purchasing an additional 10,327 shares during the quarter. Amazon.com makes up 3.9% of Destiny Wealth Partners LLC's portfolio, making the stock its 4th biggest holding. Destiny Wealth Partners LLC's holdings in Amazon.com were worth $29,165,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com in the second quarter worth about $27,000. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter valued at about $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com in the first quarter valued at about $40,000. Capitol Family Office Inc. purchased a new position in Amazon.com in the first quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. boosted its holdings in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Scotiabank increased their price target on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 22nd. Westpark Capital restated a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Barclays upped their price objective on Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Mizuho set a $300.00 price objective on Amazon.com and gave the company an "outperform" rating in a research note on Monday, September 29th. Finally, Piper Sandler increased their price target on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Three equities research 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, the company has a consensus rating of "Buy" and an average target price of $266.26.

Amazon.com Stock Up 1.6%

Shares of AMZN stock opened at $225.22 on Thursday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The stock has a market cap of $2.40 trillion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 1.48 and a beta of 1.28. The business's fifty day moving average is $226.03 and its 200-day moving average is $211.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (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 analysts' expectations of $161.80 billion. During the same period last year, the firm earned $1.26 EPS. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm'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 sale, the chief financial officer directly owned 49,000 shares of the company's stock, valued at approximately $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,313,335 shares of company stock worth $4,164,795,815. 9.70% of the stock is owned by insiders.

Amazon.com Company 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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