Avantax Advisory Services Inc. Has $138.97 Million Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Avantax Advisory Services Inc. increased its stake in Amazon by 5.9%, owning 730,441 shares valued at approximately $138.97 million, making it the firm's 14th largest position.
• A number of other institutional investors have also recently modified their stakes in Amazon, with hedge funds now holding 72.20% of the company's stock.
• Amazon.com recently reported earnings of $1.68 per share, exceeding forecasts, with a revenue of $167.70 billion for the quarter, reflecting a 13.3% year-over-year increase.

Avantax Advisory Services Inc. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 730,441 shares of the e-commerce giant's stock after acquiring an additional 40,808 shares during the quarter. Amazon.com accounts for 0.8% of Avantax Advisory Services Inc.'s portfolio, making the stock its 14th largest position. Avantax Advisory Services Inc.'s holdings in Amazon.com were worth $138,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the fourth quarter worth $35,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the first quarter worth about $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com during the 1st quarter worth approximately $40,000. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on AMZN. Wall Street Zen upgraded Amazon.com from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a report on Friday, June 27th. Canaccord Genuity Group reissued a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Wells Fargo & Company lifted their price target on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Finally, Rosenblatt Securities boosted their price objective on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a report on Friday, August 1st. Two equities 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $262.87.

Amazon.com Trading Up 3.1%

Amazon.com stock traded up $6.89 during trading hours on Friday, hitting $228.84. The stock had a trading volume of 37,264,095 shares, compared to its average volume of 46,830,960. The business's 50 day simple moving average is $222.63 and its 200-day simple moving average is $208.07. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The stock has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 1.54 and a beta of 1.31. 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 (NASDAQ:AMZN - Get Free Report) last released 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. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The firm's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,784 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $232.32, for a total value of $1,111,418.88. Following the completion of the sale, the chief executive officer directly owned 510,255 shares of the company's stock, valued at approximately $118,542,441.60. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,012,284 shares of company stock valued at $5,656,976,492 over the last 90 days. 9.70% of the stock is currently owned by company insiders.

Amazon.com Company 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.