Ameriflex Group Inc. Trims Holdings in Amazon.com, Inc. $AMZN

Key Points

• Ameriflex Group Inc. reduced its holdings in Amazon by 40.5% during the second quarter, now owning 10,778 shares valued at $2.34 million, making Amazon its 15th largest holding.
• Many institutional investors have recently increased their stakes in Amazon, with WT Asset Management Ltd increasing its stake by 14.2%, now owning 482,400 shares worth over $105 million.
• Amazon reported a strong quarterly performance with earnings per share of $1.68, exceeding estimates, alongside a revenue increase of 13.3% year-over-year.

Ameriflex Group Inc. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 40.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,778 shares of the e-commerce giant's stock after selling 7,335 shares during the period. Amazon.com comprises approximately 1.2% of Ameriflex Group Inc.'s holdings, making the stock its 15th largest holding. Ameriflex Group Inc.'s holdings in Amazon.com were worth $2,340,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wallington Asset Management LLC increased its stake in Amazon.com by 1.8% in the second quarter. Wallington Asset Management LLC now owns 94,906 shares of the e-commerce giant's stock worth $20,821,000 after purchasing an additional 1,705 shares during the period. Successful Portfolios LLC increased its stake in Amazon.com by 0.5% in the second quarter. Successful Portfolios LLC now owns 12,072 shares of the e-commerce giant's stock worth $2,649,000 after purchasing an additional 60 shares during the period. WT Asset Management Ltd increased its stake in Amazon.com by 14.2% in the second quarter. WT Asset Management Ltd now owns 482,400 shares of the e-commerce giant's stock worth $105,834,000 after purchasing an additional 59,863 shares during the period. Fortis Capital Advisors LLC increased its stake in Amazon.com by 0.8% in the second quarter. Fortis Capital Advisors LLC now owns 45,705 shares of the e-commerce giant's stock worth $10,027,000 after purchasing an additional 354 shares during the period. Finally, Precedent Wealth Partners LLC increased its stake in shares of Amazon.com by 7.1% during the second quarter. Precedent Wealth Partners LLC now owns 6,049 shares of the e-commerce giant's stock valued at $1,327,000 after buying an additional 399 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $216.48 on Tuesday. 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 market cap of $2.31 trillion, a PE ratio of 33.00, a P/E/G ratio of 1.41 and a beta of 1.28. The business has a 50-day simple moving average of $225.56 and a two-hundred day simple moving average of $213.20. 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 issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping 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 return on equity of 23.84% and a net margin of 10.54%.The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares of the company's stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,252,009 shares of company stock valued at $976,047,640. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AMZN shares. Wolfe Research raised their price target on Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. BMO Capital Markets raised their price target on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Westpark Capital restated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded Amazon.com from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Three investment 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. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $266.26.

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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