Atticus Wealth Management LLC Purchases 1,831 Shares of Amazon.com, Inc. $AMZN

Key Points

• Atticus Wealth Management LLC increased its stake in Amazon.com, Inc. by 14.5%, purchasing an additional 1,831 shares, which brought their total holdings to 14,422 shares valued at $3,164,000.
• Amazon reported $1.68 earnings per share for the last quarter, exceeding expectations and reflecting a 13.3% increase in revenue compared to the previous year.
• A number of analysts have set new price targets for Amazon shares, with estimates ranging up to $280.00, while the stock currently holds a consensus "Buy" rating.

Atticus Wealth Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,422 shares of the e-commerce giant's stock after purchasing an additional 1,831 shares during the period. Amazon.com makes up approximately 0.9% of Atticus Wealth Management LLC's investment portfolio, making the stock its 21st biggest holding. Atticus Wealth Management LLC's holdings in Amazon.com were worth $3,164,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Sharkey Howes & Javer bought a new stake in Amazon.com in the second quarter worth about $210,000. Capital Advisory Group Advisory Services LLC lifted its stake in Amazon.com by 1.6% in the second quarter. Capital Advisory Group Advisory Services LLC now owns 10,354 shares of the e-commerce giant's stock worth $2,272,000 after purchasing an additional 165 shares during the last quarter. High Net Worth Advisory Group LLC lifted its stake in Amazon.com by 4.1% in the second quarter. High Net Worth Advisory Group LLC now owns 26,408 shares of the e-commerce giant's stock worth $5,794,000 after purchasing an additional 1,051 shares during the last quarter. RFG Holdings Inc. lifted its stake in Amazon.com by 20.8% in the second quarter. RFG Holdings Inc. now owns 9,996 shares of the e-commerce giant's stock worth $2,193,000 after purchasing an additional 1,719 shares during the last quarter. Finally, HWG Holdings LP lifted its stake in Amazon.com by 5.9% in the second quarter. HWG Holdings LP now owns 60,478 shares of the e-commerce giant's stock worth $13,268,000 after purchasing an additional 3,389 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $220.21 on Thursday. The firm has a market cap of $2.35 trillion, a price-to-earnings ratio of 33.57, a PEG ratio of 1.47 and a beta of 1.30. The company's 50 day moving average is $227.68 and its 200 day moving average is $209.83. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 25,097,911 shares of company stock worth $5,676,032,574 over the last 90 days. Company insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AMZN shares. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 target price on shares of Amazon.com in a research report on Friday, August 1st. BMO Capital Markets raised their target price on shares of Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Thursday, September 11th. Cowen reaffirmed a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, Wedbush reaffirmed an "outperform" rating and set a $250.00 target price on shares of Amazon.com in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Buy" and a consensus price target of $264.04.

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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