Farther Finance Advisors LLC Increases Holdings in Amazon.com, Inc. $AMZN

Key Points

• Farther Finance Advisors LLC increased its holdings in Amazon.com by 16.5%, owning a total of 237,989 shares valued at approximately $52.21 million.
• Jeffrey P. Bezos sold 4.27 million shares of Amazon stock, representing a 0.47% decrease in his ownership, with the total transaction amounting to nearly $961 million.
• Analysts have set a consensus buy rating for Amazon.com, with the average price target increased to $264.04, indicating strong confidence in the company's future performance.

Farther Finance Advisors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 237,989 shares of the e-commerce giant's stock after buying an additional 33,678 shares during the quarter. Amazon.com comprises about 1.0% of Farther Finance Advisors LLC's holdings, making the stock its 13th largest position. Farther Finance Advisors LLC's holdings in Amazon.com were worth $52,213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Great Waters Wealth Management grew its position in Amazon.com by 1.8% during the second quarter. Great Waters Wealth Management now owns 6,117 shares of the e-commerce giant's stock worth $1,342,000 after buying an additional 107 shares in the last quarter. Vantage Wealth lifted its stake in Amazon.com by 3.0% during the second quarter. Vantage Wealth now owns 97,554 shares of the e-commerce giant's stock worth $21,402,000 after purchasing an additional 2,867 shares during the last quarter. Silver Oak Securities Incorporated lifted its stake in Amazon.com by 3.7% during the second quarter. Silver Oak Securities Incorporated now owns 60,038 shares of the e-commerce giant's stock worth $13,172,000 after purchasing an additional 2,119 shares during the last quarter. CX Institutional lifted its stake in Amazon.com by 18.4% during the second quarter. CX Institutional now owns 137,220 shares of the e-commerce giant's stock worth $30,105,000 after purchasing an additional 21,278 shares during the last quarter. Finally, Harbour Capital Advisors LLC lifted its stake in Amazon.com by 9.5% during the second quarter. Harbour Capital Advisors LLC now owns 54,466 shares of the e-commerce giant's stock worth $11,978,000 after purchasing an additional 4,743 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 21,772,985 shares of company stock worth $4,939,346,118. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the subject of several research analyst reports. Oppenheimer dropped their price target on Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Canaccord Genuity Group reaffirmed a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Bank of America lifted their price target on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wells Fargo & Company raised Amazon.com from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $245.00 to $280.00 in a research note on Wednesday, September 24th. Finally, Barclays boosted their target price 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-seven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of "Buy" and an average price target of $264.04.

Amazon.com Stock Performance

Amazon.com stock opened at $219.78 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.34 trillion, a P/E ratio of 33.50, a PEG ratio of 1.47 and a beta of 1.31. The stock's 50 day moving average is $227.44 and its 200 day moving average is $210.35. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for 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 company'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. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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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