Centurion Wealth Management LLC Purchases 1,528 Shares of Amazon.com, Inc. $AMZN

Key Points

• Centurion Wealth Management LLC increased its stake in Amazon.com by 8.1%, acquiring an additional 1,528 shares, bringing its total holdings to 20,320 shares valued at approximately $4.46 million.
• Institutional investors now hold 72.20% of Amazon's stock, with significant recent investments from firms like Nuveen LLC and Goldman Sachs Group Inc.
• Amazon's stock has a consensus rating of "Buy", with analysts recently raising price targets, and the stock closed at $231.62 on Thursday.

Centurion Wealth Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,320 shares of the e-commerce giant's stock after purchasing an additional 1,528 shares during the period. Amazon.com accounts for approximately 1.3% of Centurion Wealth Management LLC's holdings, making the stock its 19th largest holding. Centurion Wealth Management LLC's holdings in Amazon.com were worth $4,458,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Nuveen LLC acquired a new position in shares of Amazon.com during the 1st quarter worth about $11,674,091,000. GAMMA Investing LLC boosted its stake in Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after acquiring an additional 30,104,520 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock valued at $11,017,657,000 after purchasing an additional 10,176,835 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Amazon.com in the fourth quarter worth $2,037,963,000. Finally, Vanguard Group Inc. raised its holdings 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 worth $158,348,557,000 after purchasing an additional 8,913,959 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total value of $558,725.00. Following the completion of the sale, the chief executive officer directly owned 518,007 shares of the company's stock, valued at $115,769,384.43. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares of the company's stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Up 0.1%

Shares of AMZN traded up $0.25 during trading hours on Friday, hitting $231.48. The stock had a trading volume of 97,793,456 shares, compared to its average volume of 34,071,644. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. The firm has a 50 day simple moving average of $227.81 and a 200-day simple moving average of $209.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

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

Analyst Ratings Changes

Several analysts recently commented on the company. DA Davidson raised their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wedbush reiterated an "outperform" rating and set a $250.00 price objective on shares of Amazon.com in a report on Friday. Citizens Jmp started coverage on Amazon.com in a research note on Thursday, July 10th. They set a "strong-buy" rating for the company. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Finally, Piper Sandler increased their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $263.30.

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.