Amazon.com, Inc. $AMZN Stock Position Lifted by Pines Wealth Management LLC

Key Points

• Pines Wealth Management LLC increased its holdings in Amazon.com, Inc. by 8.0% during Q2, making the stock its 5th largest position, valued at $8,658,000.
• Insider Jeffrey P. Bezos sold over 4 million shares, totaling roughly $960.67 million, which reflects a 0.47% decrease in his position.
• Amazon's Q2 earnings report showed an EPS of $1.68, exceeding analysts' expectations, with revenue reaching $167.70 billion, a 13.3% increase year-over-year.

Pines Wealth Management LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,756 shares of the e-commerce giant's stock after purchasing an additional 2,883 shares during the period. Amazon.com comprises 3.1% of Pines Wealth Management LLC's holdings, making the stock its 5th largest position. Pines Wealth Management LLC's holdings in Amazon.com were worth $8,658,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Chesley Taft & Associates LLC lifted its position in shares of Amazon.com by 20.6% during the 2nd quarter. Chesley Taft & Associates LLC now owns 307,645 shares of the e-commerce giant's stock valued at $67,494,000 after buying an additional 52,638 shares during the last quarter. Sunpointe LLC lifted its position in shares of Amazon.com by 10.8% during the 2nd quarter. Sunpointe LLC now owns 21,936 shares of the e-commerce giant's stock valued at $4,813,000 after buying an additional 2,144 shares during the last quarter. Towerpoint Wealth LLC lifted its position in shares of Amazon.com by 3.6% during the 2nd quarter. Towerpoint Wealth LLC now owns 2,559 shares of the e-commerce giant's stock valued at $561,000 after buying an additional 89 shares during the last quarter. Seaside Wealth Management Inc. lifted its position in shares of Amazon.com by 8.1% during the 2nd quarter. Seaside Wealth Management Inc. now owns 2,038 shares of the e-commerce giant's stock valued at $447,000 after buying an additional 152 shares during the last quarter. Finally, Systrade AG purchased a new position in shares of Amazon.com during the 2nd quarter valued at $6,688,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Down 3.0%

NASDAQ AMZN opened at $220.71 on Wednesday. The stock has a market cap of $2.35 trillion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 1.52 and a beta of 1.30. 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 stock has a 50 day simple moving average of $227.74 and a two-hundred day simple moving average of $209.76. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results 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. The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. Cantor Fitzgerald boosted their price objective on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Oppenheimer decreased their price objective on Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Jefferies Financial Group reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, September 11th. Moffett Nathanson boosted their price objective on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Finally, Monness Crespi & Hardt boosted their price objective on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating 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 assigned a Hold rating to the company. According to MarketBeat, Amazon.com has an average rating of "Buy" and an average target price of $263.30.

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.

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