ARS Wealth Advisors Group LLC Takes Position in Amazon.com, Inc. $AMZN

Key Points

• ARS Wealth Advisors Group LLC has acquired 152,591 shares of Amazon.com, Inc., valued at approximately $33.5 million, making it the firm's sixth largest position in its investment portfolio.
• Wall Street analysts have a positive outlook for Amazon, with multiple firms raising their target prices and maintaining buy ratings, resulting in an average target price of $264.04.
• Insider Jeffrey P. Bezos sold over 4.2 million shares of Amazon, valued at nearly $961 million, representing a 0.47% decrease in his ownership of the stock.

ARS Wealth Advisors Group LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 152,591 shares of the e-commerce giant's stock, valued at approximately $33,477,000. Amazon.com makes up about 3.9% of ARS Wealth Advisors Group LLC's investment portfolio, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Amazon.com by 3.1% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 629,035 shares of the e-commerce giant's stock valued at $138,004,000 after purchasing an additional 18,706 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Amazon.com by 9.2% during the second quarter. Exchange Traded Concepts LLC now owns 731,639 shares of the e-commerce giant's stock valued at $160,514,000 after purchasing an additional 61,491 shares in the last quarter. Park Capital Management LLC WI boosted its stake in shares of Amazon.com by 8.0% during the second quarter. Park Capital Management LLC WI now owns 4,565 shares of the e-commerce giant's stock valued at $1,002,000 after purchasing an additional 339 shares in the last quarter. Bigelow Investment Advisors LLC boosted its stake in shares of Amazon.com by 1.4% during the second quarter. Bigelow Investment Advisors LLC now owns 11,299 shares of the e-commerce giant's stock valued at $2,479,000 after purchasing an additional 159 shares in the last quarter. Finally, Affiance Financial LLC boosted its stake in Amazon.com by 6.4% in the second quarter. Affiance Financial LLC now owns 12,361 shares of the e-commerce giant's stock valued at $2,712,000 after acquiring an additional 744 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. Pivotal Research raised their target price on shares of Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Moffett Nathanson raised their target price on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Westpark Capital restated a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Oppenheimer lowered their target price on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $264.04.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the sale, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 21,997,911 shares of company stock valued at $4,989,630,574 over the last three months. Company insiders own 9.70% of the company's stock.

Amazon.com Trading Down 0.9%

NASDAQ AMZN opened at $218.15 on Friday. The company has a fifty day simple moving average of $227.57 and a two-hundred day simple moving average of $210.00. The stock has a market cap of $2.33 trillion, a P/E ratio of 33.25, a P/E/G ratio of 1.47 and a beta of 1.30. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company posted $1.26 earnings per share. 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.

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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