Carr Financial Group Corp Purchases 1,897 Shares of Amazon.com, Inc. $AMZN

Key Points

• Carr Financial Group Corp increased its stake in Amazon.com by 11.2% in Q2, acquiring an additional 1,897 shares, bringing its total holdings to 18,845 shares worth approximately $4.13 million.
• Amazon.com received mixed ratings from analysts, with Zacks Research downgrading it to a "hold," while Pivotal Research set a new price target of $285 and maintained a "buy" rating.
• In insider trading news, Jeffrey P. Bezos sold over 4.27 million shares, valued at around $960.67 million, resulting in a slight decrease in his overall position in the company.

Carr Financial Group Corp boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,845 shares of the e-commerce giant's stock after purchasing an additional 1,897 shares during the period. Amazon.com comprises 1.2% of Carr Financial Group Corp's investment portfolio, making the stock its 18th biggest position. Carr Financial Group Corp's holdings in Amazon.com were worth $4,134,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ridgecrest Wealth Partners LLC grew its position in shares of Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock valued at $1,843,000 after acquiring an additional 45 shares during the period. Bare Financial Services Inc grew its position in shares of Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant's stock valued at $177,000 after acquiring an additional 48 shares during the period. Heritage Oak Wealth Advisors LLC grew its position in shares of Amazon.com by 1.2% during the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant's stock valued at $862,000 after acquiring an additional 48 shares during the period. Cobblestone Asset Management LLC grew its position in shares of Amazon.com by 3.1% during the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant's stock valued at $367,000 after acquiring an additional 50 shares during the period. Finally, Seek First Inc. grew its position in shares of Amazon.com by 0.5% during the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant's stock valued at $2,009,000 after acquiring an additional 50 shares during the period. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AMZN shares. Zacks Research downgraded shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Pivotal Research increased their target price on shares of Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Cowen reissued a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Morgan Stanley restated an "overweight" rating on shares of Amazon.com in a research note on Wednesday, September 10th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $265.00 price target on shares of Amazon.com in a research note on Wednesday, September 24th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of "Buy" and a consensus price target of $266.26.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 20,845,122 shares of company stock valued at $4,731,747,929. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $219.51 on Friday. The firm's fifty day moving average price is $226.55 and its 200-day moving average price is $211.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market cap 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, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm 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% on a year-over-year basis. During the same quarter last year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.

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