Family Investment Center Inc. Invests $562,000 in Amazon.com, Inc. $AMZN

Key Points

• Family Investment Center Inc. has invested approximately $562,000 in Amazon.com, Inc., purchasing 2,560 shares during the second quarter.
• Insider selling activity was noted with VP Shelley Reynolds and CFO Brian T. Olsavsky selling a combined total of over $4.5 million worth of shares on August 21st.
• Several brokerages have increased price targets for Amazon's stock, with Royal Bank of Canada and Truist Financial raising their estimates to $240 and $270, respectively.

Family Investment Center Inc. purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,560 shares of the e-commerce giant's stock, valued at approximately $562,000.

A number of other large investors also recently modified their holdings of the business. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $25,000. Carderock Capital Management Inc. bought a new stake in Amazon.com in the 2nd quarter valued at about $27,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the 1st quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com in the 1st quarter valued at about $40,000. Finally, Capitol Family Office Inc. bought a new stake in Amazon.com in the 1st quarter valued at about $42,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 2,715 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's 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 sale, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,842,622 shares of company stock valued at $4,731,205,179 over the last ninety days. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Up 0.8%

NASDAQ AMZN opened at $222.41 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company's 50 day simple moving average is $226.79 and its 200 day simple moving average is $210.83. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a market capitalization of $2.37 trillion, a P/E ratio of 33.90, a PEG ratio of 1.47 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results 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. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMZN. Royal Bank Of Canada lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Truist Financial lifted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Robert W. Baird lifted their target price on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Moffett Nathanson lifted their target price on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $265.09.

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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