Capital Asset Advisory Services LLC Acquires 10,286 Shares of Amazon.com, Inc. $AMZN

Key Points

• Capital Asset Advisory Services LLC increased its stake in Amazon.com by 12.6%, acquiring an additional 10,286 shares, bringing their total to 91,786 shares worth approximately $20.2 million.
• In recent months, several institutional investors, including Cooksen Wealth LLC and Inlight Wealth Management LLC, have initiated new positions in Amazon.com, contributing to institutional ownership now at 72.20%.
• Amazon.com reported a quarterly earnings per share of $1.68, exceeding analyst expectations of $1.31, with revenue of $167.7 billion compared to forecasts of $161.8 billion.

Capital Asset Advisory Services LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,786 shares of the e-commerce giant's stock after purchasing an additional 10,286 shares during the period. Amazon.com makes up about 0.9% of Capital Asset Advisory Services LLC's investment portfolio, making the stock its 28th biggest position. Capital Asset Advisory Services LLC's holdings in Amazon.com were worth $20,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC acquired a new position in Amazon.com during the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $40,000. Capitol Family Office Inc. bought a new stake in shares of Amazon.com in the first quarter worth $42,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Amazon.com during the first quarter worth $59,000. Finally, von Borstel & Associates Inc. bought a new position in Amazon.com in the first quarter valued at $66,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares in the company, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total transaction of $558,725.00. Following the completion of the sale, the chief executive officer owned 518,007 shares of the company's stock, valued at approximately $115,769,384.43. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock worth $5,676,032,574 over the last ninety days. Insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Telsey Advisory Group restated an "outperform" rating and set a $265.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. The Goldman Sachs Group reiterated a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Pivotal Research raised their price target on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 1st. UBS Group reaffirmed a "buy" rating and set a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Finally, Oppenheimer cut their price objective on Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of "Buy" and an average target price of $263.30.

Amazon.com Trading Down 0.2%

AMZN opened at $231.23 on Friday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a fifty day moving average of $227.68 and a 200-day moving average of $209.23. The stock has a market cap of $2.47 trillion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. 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 issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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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