Dogwood Wealth Management LLC Grows Position in Amazon.com, Inc. $AMZN

Key Points

• Dogwood Wealth Management LLC increased its stake in Amazon.com by 21.7% during the second quarter, owning 9,637 shares valued at approximately $2,114,000.
• A significant number of institutional investors boosted their positions in Amazon, with First Pacific Financial increasing its stake by 96.5%.
• Amazon reported quarterly earnings of $1.68 per share, exceeding analyst estimates by $0.37, along with a revenue of $167.70 billion for the quarter.

Dogwood Wealth Management LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,637 shares of the e-commerce giant's stock after purchasing an additional 1,721 shares during the quarter. Amazon.com makes up approximately 1.0% of Dogwood Wealth Management LLC's portfolio, making the stock its 26th biggest position. Dogwood Wealth Management LLC's holdings in Amazon.com were worth $2,114,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Vigilare Wealth Management boosted its stake in shares of Amazon.com by 21.7% during the second quarter. Vigilare Wealth Management now owns 28,186 shares of the e-commerce giant's stock valued at $6,184,000 after purchasing an additional 5,035 shares during the period. First Pacific Financial boosted its stake in shares of Amazon.com by 96.5% during the second quarter. First Pacific Financial now owns 6,080 shares of the e-commerce giant's stock valued at $1,334,000 after purchasing an additional 2,986 shares during the period. Deltec Asset Management LLC boosted its stake in shares of Amazon.com by 2.8% during the second quarter. Deltec Asset Management LLC now owns 165,785 shares of the e-commerce giant's stock valued at $36,372,000 after purchasing an additional 4,576 shares during the period. Trilogy Capital Inc. boosted its stake in shares of Amazon.com by 4.9% during the second quarter. Trilogy Capital Inc. now owns 12,224 shares of the e-commerce giant's stock valued at $2,682,000 after purchasing an additional 571 shares during the period. Finally, QTR Family Wealth LLC increased its holdings in Amazon.com by 47.0% during the 2nd quarter. QTR Family Wealth LLC now owns 17,201 shares of the e-commerce giant's stock valued at $3,774,000 after purchasing an additional 5,503 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the transaction, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were 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 of the company's stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,864,716 shares of company stock valued at $2,486,013,854 in the last 90 days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Price Performance

AMZN opened at $214.47 on Friday. The stock has a fifty day simple moving average of $225.85 and a two-hundred day simple moving average of $212.38. 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 company has a market cap of $2.29 trillion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth 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 posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMZN shares. Wedbush reiterated an "outperform" rating and issued a $250.00 price objective on shares of Amazon.com in a research report on Friday, September 19th. Needham & Company LLC restated a "buy" rating and set a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. Truist Financial upped their target price on Amazon.com from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Westpark Capital restated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. Finally, The Goldman Sachs Group upped their target price on Amazon.com from $240.00 to $275.00 and gave the company a "buy" rating in a report on Friday, October 3rd. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $266.26.

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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