Amazon.com, Inc. $AMZN Stock Position Lessened by Bosman Wealth Management LLC

Key Points

• Bosman Wealth Management LLC reduced its holdings in Amazon.com, Inc. by 9.4% during the 2nd quarter, now owning 18,847 shares valued at $4.1 million.
• Institutional investors hold 72.20% of Amazon's stock, with significant increases in holdings from firms such as Kingstone Capital Partners and Goldman Sachs.
• Amazon.com's stock received multiple analyst upgrades recently, with price targets ranging from $253 to $280, reflecting sustained investor confidence.

Bosman Wealth Management LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,847 shares of the e-commerce giant's stock after selling 1,952 shares during the quarter. Amazon.com makes up 3.7% of Bosman Wealth Management LLC's investment portfolio, making the stock its 9th largest holding. Bosman Wealth Management LLC's holdings in Amazon.com were worth $4,135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Kingstone Capital Partners Texas LLC raised its holdings in shares of Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock valued at $29,100,194,000 after buying an additional 132,616,953 shares during the period. Nuveen LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at $11,674,091,000. Goldman Sachs Group Inc. raised its holdings in shares of Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock valued at $11,017,657,000 after buying an additional 10,176,835 shares during the period. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after buying an additional 8,913,959 shares during the period. Finally, Amundi raised its holdings in shares of Amazon.com by 15.1% in the 1st quarter. Amundi now owns 55,337,037 shares of the e-commerce giant's stock valued at $9,884,098,000 after buying an additional 7,267,277 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AMZN shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 price objective on shares of Amazon.com in a report on Wednesday, September 24th. Evercore ISI reaffirmed an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a research report on Wednesday, August 13th. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Moffett Nathanson increased their price target on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. increased their price target on Amazon.com from $255.00 to $265.00 and gave the company 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 company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of "Buy" and an average price target of $266.26.

Amazon.com Trading Down 1.7%

AMZN opened at $216.39 on Wednesday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a market cap of $2.31 trillion, a P/E ratio of 32.99, a PEG ratio of 1.46 and a beta of 1.28. 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 business's 50-day simple moving average is $226.16 and its 200-day simple moving average is $212.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the business posted $1.26 EPS. The business'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. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 49,000 shares of the company's stock, valued at $10,914,260. This represents a 26.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value 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 approximately $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,864,716 shares of company stock worth $2,486,013,854. Insiders own 10.80% of the company's stock.

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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