Amazon.com, Inc. $AMZN Shares Purchased by Keystone Wealth Services LLC

Key Points

• Keystone Wealth Services LLC increased its stake in Amazon.com, Inc. by 7.2% during Q2, owning a total of 22,891 shares valued at approximately $5 million.
• Insider Jeff Bezos sold over 4 million shares of Amazon stock for around $960 million, resulting in a decrease of 0.47% in his ownership.
• Amazon reported better-than-expected Q2 earnings with an EPS of $1.68, surpassing estimates and driving a year-over-year revenue increase of 13.3%.

Keystone Wealth Services LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,891 shares of the e-commerce giant's stock after purchasing an additional 1,537 shares during the quarter. Amazon.com makes up 1.2% of Keystone Wealth Services LLC's investment portfolio, making the stock its 16th biggest holding. Keystone Wealth Services LLC's holdings in Amazon.com were worth $5,022,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $25,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $40,000. Capitol Family Office Inc. acquired a new stake in Amazon.com during the 1st quarter worth approximately $42,000. Finally, Harbor Investment Advisory LLC lifted its position in 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 acquiring an additional 2,145 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. Insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $227.63 on Tuesday. The firm has a 50 day simple moving average of $227.85 and a 200-day simple moving average of $209.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm has a market cap of $2.43 trillion, a PE ratio of 34.70, a P/E/G ratio of 1.55 and a beta of 1.31. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during 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 company's revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Roth Capital set a $250.00 price target on Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Morgan Stanley reaffirmed an "overweight" rating on shares of Amazon.com in a report on Wednesday, September 10th. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Finally, Cowen restated a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $263.30.

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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