Endeavor Private Wealth Inc. Acquires 3,900 Shares of Amazon.com, Inc. $AMZN

Key Points

• Endeavor Private Wealth Inc. increased its position in Amazon.com, Inc. by 93.8%, now holding 8,060 shares valued at approximately $1.53 million.
• Jeffrey P. Bezos sold over 4.27 million shares of Amazon for nearly $961 million, reducing his ownership by 0.47%.
• Amazon reported Q2 earnings of $1.68 EPS and revenue of $167.70 billion, exceeding analyst expectations.

Endeavor Private Wealth Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 93.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,060 shares of the e-commerce giant's stock after acquiring an additional 3,900 shares during the period. Endeavor Private Wealth Inc.'s holdings in Amazon.com were worth $1,533,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. LSV Asset Management purchased a new position in shares of Amazon.com during the fourth quarter worth $35,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com during the 1st quarter valued at about $40,000. Capitol Family Office Inc. purchased a new stake in Amazon.com during the 1st quarter valued at about $42,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Amazon.com in the 1st quarter valued at approximately $59,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 3.8%

AMZN traded up $8.53 during trading on Thursday, hitting $234.52. 36,443,946 shares of the company's stock were exchanged, compared to its average volume of 43,816,934. The firm has a market cap of $2.50 trillion, a P/E ratio of 35.73, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30. The stock has a 50 day moving average price of $225.19 and a 200 day moving average price of $208.04. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. 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 quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) 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 firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated 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 completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 25,095,411 shares of company stock worth $5,675,473,849 in the last three months. 9.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMZN shares. Royal Bank Of Canada upped their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Scotiabank raised their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 22nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Truist Financial increased their target price on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Barclays upped their price objective on Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $262.87.

Amazon.com 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.