JFG Wealth Management LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,442 shares of the e-commerce giant's stock after selling 1,973 shares during the period. Amazon.com accounts for 0.3% of JFG Wealth Management LLC's investment portfolio, making the stock its 25th largest position. JFG Wealth Management LLC's holdings in Amazon.com were worth $1,416,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the 4th quarter worth about $25,000. Cooksen Wealth LLC bought a new position in Amazon.com in the 1st quarter worth about $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com in the 1st quarter worth about $40,000. Capitol Family Office Inc. bought a new position in Amazon.com in the 1st quarter worth about $42,000. Finally, Harbor Investment Advisory LLC increased its stake in Amazon.com by 0.7% in 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 last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.
Insider Activity
In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred 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 owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of research firms have recently issued reports on AMZN. JPMorgan Chase & Co. upped their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. BMO Capital Markets upped their price objective on Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Barclays upped their price objective on Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Needham & Company LLC restated a "buy" rating and set a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. Finally, Scotiabank increased their target price on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $262.87.
View Our Latest Report on Amazon.com
Amazon.com Trading Down 0.8%
NASDAQ AMZN traded down $1.80 on Friday, hitting $228.15. The company's stock had a trading volume of 38,434,486 shares, compared to its average volume of 32,713,818. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company's 50-day simple moving average is $226.87 and its 200 day simple moving average is $208.62. The firm has a market cap of $2.43 trillion, a P/E ratio of 34.78, a PEG ratio of 1.54 and a beta of 1.30.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The business's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
About Amazon.com
(
Free Report)
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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