Amazon.com, Inc. $AMZN Shares Purchased by KMG Fiduciary Partners LLC

Key Points

• KMG Fiduciary Partners LLC increased its Amazon.com holdings by 4.1%, owning 177,210 shares worth approximately $38.88 million, making it the 5th largest position in their portfolio.
• A number of analysts have upgraded their ratings on Amazon.com, with Wells Fargo raising its price target from $245 to $280, indicating strong confidence in the stock's future performance.
• Amazon reported earnings of $1.68 per share for the last quarter, exceeding estimates and reflecting a 13.3% year-over-year revenue growth to $167.70 billion.

KMG Fiduciary Partners LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 177,210 shares of the e-commerce giant's stock after acquiring an additional 7,061 shares during the quarter. Amazon.com comprises approximately 2.9% of KMG Fiduciary Partners LLC's holdings, making the stock its 5th largest position. KMG Fiduciary Partners LLC's holdings in Amazon.com were worth $38,878,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Signal Advisors Wealth LLC lifted its stake in shares of Amazon.com by 55.9% in the second quarter. Signal Advisors Wealth LLC now owns 54,739 shares of the e-commerce giant's stock worth $12,010,000 after buying an additional 19,638 shares during the last quarter. Professional Financial Advisors LLC lifted its stake in shares of Amazon.com by 0.7% in the second quarter. Professional Financial Advisors LLC now owns 10,191 shares of the e-commerce giant's stock worth $2,236,000 after buying an additional 73 shares during the last quarter. Arbor Wealth Advisors LLC lifted its stake in shares of Amazon.com by 10.4% in the second quarter. Arbor Wealth Advisors LLC now owns 2,338 shares of the e-commerce giant's stock worth $513,000 after buying an additional 221 shares during the last quarter. Threadgill Financial LLC lifted its stake in shares of Amazon.com by 2.9% in the second quarter. Threadgill Financial LLC now owns 49,000 shares of the e-commerce giant's stock worth $10,766,000 after buying an additional 1,393 shares during the last quarter. Finally, Sovran Advisors LLC lifted its stake in shares of Amazon.com by 3.2% in the second quarter. Sovran Advisors LLC now owns 41,401 shares of the e-commerce giant's stock worth $9,082,000 after buying an additional 1,294 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company upgraded shares of Amazon.com from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $245.00 to $280.00 in a research note on Wednesday. BMO Capital Markets raised their price target on shares of Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. HSBC raised their price target on shares of Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Susquehanna raised their price target on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Finally, UBS Group restated a "buy" rating and issued a $271.00 price target (up from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Two equities 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 stock. According to MarketBeat.com, Amazon.com has a consensus rating of "Buy" and an average target price of $264.04.

Amazon.com Stock Down 0.2%

Shares of NASDAQ:AMZN opened at $220.21 on Thursday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company's 50-day moving average price is $227.68 and its two-hundred day moving average price 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 P/E ratio of 33.57, a P/E/G ratio of 1.47 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its 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. The company 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 company's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.