Balefire LLC Purchases 9,498 Shares of Amazon.com, Inc. $AMZN

Key Points

• Balefire LLC increased its holdings in Amazon.com by 62.6% during Q2, acquiring 9,498 shares, bringing their total to 24,665 shares valued at approximately $5.41 million.
• Several institutional investors, including Inspirion Wealth Advisors and Catalyst Private Wealth, also boosted their positions in Amazon, demonstrating strong investor confidence, with 72.20% of the stock owned by institutional investors.
• Amazon reported better-than-expected earnings for the last quarter, with EPS of $1.68 and revenue of $167.70 billion, exceeding analyst expectations and reflecting a 13.3% year-over-year revenue increase.

Balefire LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 62.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,665 shares of the e-commerce giant's stock after acquiring an additional 9,498 shares during the period. Amazon.com accounts for approximately 1.2% of Balefire LLC's holdings, making the stock its 18th largest position. Balefire LLC's holdings in Amazon.com were worth $5,411,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Inspirion Wealth Advisors LLC grew its position in Amazon.com by 25.0% in the second quarter. Inspirion Wealth Advisors LLC now owns 13,816 shares of the e-commerce giant's stock worth $3,031,000 after acquiring an additional 2,767 shares in the last quarter. Catalyst Private Wealth LLC boosted its holdings in Amazon.com by 8.0% in the second quarter. Catalyst Private Wealth LLC now owns 8,724 shares of the e-commerce giant's stock worth $1,914,000 after purchasing an additional 644 shares in the last quarter. LifePlan Financial LLC boosted its holdings in Amazon.com by 8.9% in the second quarter. LifePlan Financial LLC now owns 5,425 shares of the e-commerce giant's stock worth $1,190,000 after purchasing an additional 445 shares in the last quarter. New England Research & Management Inc. boosted its holdings in Amazon.com by 4.9% in the second quarter. New England Research & Management Inc. now owns 23,879 shares of the e-commerce giant's stock worth $5,239,000 after purchasing an additional 1,116 shares in the last quarter. Finally, Krilogy Financial LLC boosted its holdings in Amazon.com by 3.1% in the second quarter. Krilogy Financial LLC now owns 119,990 shares of the e-commerce giant's stock worth $26,325,000 after purchasing an additional 3,594 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of Amazon.com in a research note on Wednesday, September 10th. Zacks Research cut Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. 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. Cantor Fitzgerald upped their target price on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Barclays upped their target price on Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $263.30.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $227.63 on Tuesday. The company has a 50-day moving average of $227.85 and a 200-day moving average of $209.69. The company has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 34.70, a PEG ratio of 1.55 and a beta of 1.31. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The firm 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 company's revenue for the quarter was up 13.3% compared to the same quarter last year. 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 research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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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