Centennial Wealth Advisory LLC Has $1.81 Million Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Centennial Wealth Advisory LLC increased its stake in Amazon.com, Inc. by 28.2% during the second quarter, owning 8,245 shares valued at approximately $1.81 million.
• Multiple hedge funds, including Vanguard Group Inc. and Kingstone Capital Partners, have significantly increased their holdings in Amazon.com, with institutional investors currently owning 72.20% of the stock.
• Amazon's stock recently garnered positive attention from analysts, with several firms raising their price targets and a consensus rating of "Buy", suggesting strong upside potential for investors.

Centennial Wealth Advisory LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 28.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,245 shares of the e-commerce giant's stock after purchasing an additional 1,812 shares during the period. Centennial Wealth Advisory LLC's holdings in Amazon.com were worth $1,811,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. Kingstone Capital Partners Texas LLC grew its stake in shares of Amazon.com by 542,733.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock worth $29,100,194,000 after purchasing an additional 132,616,953 shares during the last quarter. Northern Trust Corp lifted its holdings in Amazon.com by 0.3% in the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock valued at $18,527,354,000 after buying an additional 302,858 shares during the period. Nuveen LLC acquired a new position in Amazon.com in the first quarter valued at $11,674,091,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Amazon.com by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant's stock valued at $11,461,952,000 after buying an additional 605,415 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares of the company's stock, valued at $9,825,943.60. This represents a 23.53% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,864,716 shares of company stock worth $2,486,013,854. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMZN shares. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Mizuho set a $300.00 price objective on Amazon.com and gave the company an "outperform" rating in a research note on Monday, September 29th. Canaccord Genuity Group restated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Finally, Citigroup reissued an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $266.26.

Amazon.com Trading Up 1.7%

AMZN opened at $220.07 on Tuesday. The stock has a 50-day moving average of $226.10 and a 200 day moving average of $212.16. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.35 trillion, a P/E ratio of 33.55, a P/E/G ratio of 1.43 and a beta of 1.28. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. 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, research analysts forecast 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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