Beacon Investment Advisory Services Inc. Sells 10,477 Shares of Amazon.com, Inc. $AMZN

Key Points

• Beacon Investment Advisory Services Inc. reduced its stake in Amazon.com by 18.2%, selling 10,477 shares and bringing its total holdings to 47,021 shares valued at $10,316,000.
• Institutional investors and hedge funds now own 72.20% of Amazon's stock, indicating strong institutional confidence in the company.
• Amazon.com has a current target price consensus of $266.26 from various analysts, with the stock receiving multiple upgrades to "buy" or "strong-buy" ratings.

Beacon Investment Advisory Services Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 18.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,021 shares of the e-commerce giant's stock after selling 10,477 shares during the period. Beacon Investment Advisory Services Inc.'s holdings in Amazon.com were worth $10,316,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Western Wealth Management LLC increased its position in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after buying an additional 1,297 shares during the period. Flaharty Asset Management LLC boosted its position in shares of Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant's stock valued at $968,000 after acquiring an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Amazon.com in the first quarter valued at about $514,000. Border to Coast Pensions Partnership Ltd increased its position in Amazon.com by 6.0% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant's stock worth $249,295,000 after acquiring an additional 63,924 shares during the period. Finally, Harbor Investment Advisory LLC increased its position in Amazon.com by 0.7% during the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 2,145 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMZN shares. Telsey Advisory Group restated an "outperform" rating and set a $265.00 target price on shares of Amazon.com in a research report on Wednesday, September 24th. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Moffett Nathanson raised their price objective on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Jefferies Financial Group reiterated a "buy" rating on shares of Amazon.com in a research report on Thursday, September 11th. Finally, Monness Crespi & Hardt increased their target price on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Three 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. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of "Buy" and an average target price of $266.26.

Amazon.com Stock Down 1.3%

Shares of NASDAQ AMZN opened at $219.51 on Monday. The company's 50 day moving average price is $226.55 and its 200-day moving average price is $211.24. 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, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a market capitalization of $2.34 trillion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28.

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

Insider Transactions at Amazon.com

In other Amazon.com 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 value of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer owned 2,178,502 shares of the company's stock, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,798,540 shares of company stock worth $4,273,477,287 in the last three months. Insiders own 10.80% of the company's stock.

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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