Financial Partners Group LLC Increases Holdings in Amazon.com, Inc. $AMZN

Key Points

• Financial Partners Group LLC increased its holdings in Amazon.com, Inc. by 80.5% during Q2, owning 19,093 shares valued at approximately $4.19 million.
• A variety of large institutional investors, including Kingstone Capital Partners and Goldman Sachs, have significantly modified their Amazon holdings, with Kingstone's marking an increase of over 542,733.6% in Q2.
• Analysts have raised their price targets for Amazon, with a consensus target now at $266.26 and a majority rating the stock as a buy.

Financial Partners Group LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 80.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,093 shares of the e-commerce giant's stock after buying an additional 8,514 shares during the period. Amazon.com comprises 1.5% of Financial Partners Group LLC's investment portfolio, making the stock its 23rd largest position. Financial Partners Group LLC's holdings in Amazon.com were worth $4,189,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMZN. Kingstone Capital Partners Texas LLC raised its holdings in shares of Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock valued at $29,100,194,000 after buying an additional 132,616,953 shares in the last quarter. Nuveen LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at about $11,674,091,000. Goldman Sachs Group Inc. raised its holdings in shares of Amazon.com by 21.3% during the 1st 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 buying an additional 10,176,835 shares in the last quarter. Vanguard Group Inc. increased its stake in Amazon.com by 1.1% in the 1st 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. Finally, Amundi increased its stake in Amazon.com by 15.1% in the 1st quarter. Amundi now owns 55,337,037 shares of the e-commerce giant's stock worth $9,884,098,000 after purchasing an additional 7,267,277 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 5.0%

NASDAQ AMZN opened at $216.37 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm has a market capitalization of $2.31 trillion, a PE ratio of 32.98, a P/E/G ratio of 1.51 and a beta of 1.28. The stock's 50 day moving average is $225.94 and its 200 day moving average is $211.82.

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

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares of the company's stock, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 completion of 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. In the last ninety days, insiders sold 14,040,098 shares of company stock valued at $3,204,129,405. Company insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Monness Crespi & Hardt lifted their price target on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Moffett Nathanson lifted their price target on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. BMO Capital Markets lifted their price target on Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Truist Financial lifted their price target on Amazon.com from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, September 16th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Amazon.com in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of "Buy" and a consensus target price of $266.26.

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.

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