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

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wesbanco Bank Inc. increased its holdings in shares of Amazon.com by 11.8% during the 2nd quarter. Wesbanco Bank Inc. now owns 385,123 shares of the e-commerce giant's stock worth $84,492,000 after buying an additional 40,745 shares during the last quarter. Verde Capital Management increased its holdings in shares of Amazon.com by 6.5% during the 2nd quarter. Verde Capital Management now owns 16,699 shares of the e-commerce giant's stock worth $3,664,000 after buying an additional 1,012 shares during the last quarter. Somerset Trust Co increased its holdings in shares of Amazon.com by 9.4% during the 2nd quarter. Somerset Trust Co now owns 2,137 shares of the e-commerce giant's stock worth $469,000 after buying an additional 184 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Amazon.com by 31.2% during the 2nd quarter. Versant Capital Management Inc now owns 27,024 shares of the e-commerce giant's stock worth $5,929,000 after buying an additional 6,425 shares during the last quarter. Finally, Peak Financial Advisors LLC increased its holdings in shares of Amazon.com by 12.7% during the 2nd quarter. Peak Financial Advisors LLC now owns 18,501 shares of the e-commerce giant's stock worth $4,059,000 after buying an additional 2,086 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 0.1%

Shares of Amazon.com stock traded up $0.25 during trading on Friday, hitting $231.48. 97,793,456 shares of the stock were exchanged, compared to its average volume of 34,071,644. The firm's 50-day moving average price is $227.81 and its 200 day moving average price is $209.42. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 35.29, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30.

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 the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the business earned $1.26 EPS. Amazon.com's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AMZN shares. Pivotal Research raised their price target on shares of Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Friday, August 1st. UBS Group reaffirmed a "buy" rating and set a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Bank of America increased their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Rosenblatt Securities increased their price objective on shares of Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $265.00 price objective on shares of Amazon.com in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $263.30.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the transaction, the vice president directly owned 119,780 shares in the company, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 over the last three months. Company insiders own 9.70% of the company's stock.

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.