Amazon.com, Inc. $AMZN Stock Holdings Raised by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC increased its stake in Amazon.com, Inc. by 48.8% during the second quarter, owning 101,308 shares valued at approximately $22.2 million.
• A number of institutional investors, including Brown Miller Wealth Management and OLD National Bancorp IN, have also recently increased their positions in Amazon stock, contributing to institutional ownership of 72.2%.
• Amazon's stock showed a 2.6% increase recently, with analysts maintaining a consensus "Buy" rating and setting a target price averaging $267.27.

Simplicity Wealth LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 48.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 101,308 shares of the e-commerce giant's stock after purchasing an additional 33,232 shares during the period. Amazon.com accounts for approximately 0.9% of Simplicity Wealth LLC's holdings, making the stock its 19th biggest holding. Simplicity Wealth LLC's holdings in Amazon.com were worth $22,226,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brown Miller Wealth Management LLC increased its position in shares of Amazon.com by 0.6% in the 2nd quarter. Brown Miller Wealth Management LLC now owns 23,730 shares of the e-commerce giant's stock worth $5,206,000 after purchasing an additional 139 shares during the last quarter. Chemung Canal Trust Co. increased its position in shares of Amazon.com by 2.5% in the 2nd quarter. Chemung Canal Trust Co. now owns 56,867 shares of the e-commerce giant's stock worth $12,476,000 after purchasing an additional 1,374 shares during the last quarter. OLD National Bancorp IN increased its position in shares of Amazon.com by 5.2% in the 2nd quarter. OLD National Bancorp IN now owns 377,332 shares of the e-commerce giant's stock worth $82,783,000 after purchasing an additional 18,675 shares during the last quarter. Olistico Wealth LLC increased its position in shares of Amazon.com by 1.7% in the 2nd quarter. Olistico Wealth LLC now owns 27,120 shares of the e-commerce giant's stock worth $5,950,000 after purchasing an additional 456 shares during the last quarter. Finally, Highland Capital Management LLC increased its position in shares of Amazon.com by 0.3% in the 2nd quarter. Highland Capital Management LLC now owns 183,587 shares of the e-commerce giant's stock worth $40,277,000 after purchasing an additional 611 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 2.6%

Shares of NASDAQ:AMZN opened at $222.03 on Wednesday. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 33.85, a PEG ratio of 1.43 and a beta of 1.28. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a 50 day moving average price of $225.57 and a 200 day moving average price of $213.26.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Matthew S. Garman sold 17,785 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the transaction, the chief executive officer owned 3,138 shares in the company, valued at $695,286.66. This represents a 85.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,741,053 shares of company stock worth $630,824,413 over the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Wolfe Research boosted their price objective on shares of Amazon.com from $265.00 to $270.00 in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Truist Financial boosted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Finally, 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. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $267.27.

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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