Foster Victor Wealth Advisors LLC Buys 7,114 Shares of Amazon.com, Inc. $AMZN

Key Points

• Foster Victor Wealth Advisors LLC increased its stake in Amazon by 4.1% during Q2, acquiring an additional 7,114 shares for a total of 179,171 shares, valued at approximately $39.87 million.
• Analysts are optimistic about Amazon’s stock performance, with several firms raising their price targets and maintaining a strong buy rating, leading to an overall consensus price target of $266.26.
• Insider trading activity included the CFO and CEO selling shares, with insiders collectively selling over 20 million shares worth nearly $4.73 billion in the last quarter.

Foster Victor Wealth Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 179,171 shares of the e-commerce giant's stock after acquiring an additional 7,114 shares during the quarter. Amazon.com makes up 2.7% of Foster Victor Wealth Advisors LLC's holdings, making the stock its 2nd largest holding. Foster Victor Wealth Advisors LLC's holdings in Amazon.com were worth $39,873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of AMZN. Carderock Capital Management Inc. purchased a new stake in Amazon.com during the second quarter valued at about $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the first quarter worth $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter worth $40,000. Maryland Capital Advisors Inc. boosted its position in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock worth $46,000 after buying an additional 95 shares during the period. Finally, Capitol Family Office Inc. acquired a new stake in shares of Amazon.com in the first quarter worth $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Pivotal Research raised their target price on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. UBS Group reiterated a "buy" rating and issued a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Wells Fargo & Company upgraded shares of Amazon.com from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $245.00 to $280.00 in a research note on Wednesday, September 24th. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Barclays lifted their price objective on Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $266.26.

Insiders Place Their Bets

In related news, 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 owned 49,000 shares of the company's stock, valued at $10,914,260. The trade was a 26.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,845,122 shares of company stock worth $4,731,747,929 over the last quarter. Corporate insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Amazon.com stock opened at $219.51 on Friday. The business has a 50 day simple moving average of $226.55 and a 200 day simple moving average of $211.13. 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 has a market capitalization of $2.34 trillion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28. Amazon.com, Inc. has a one year low of $161.38 and a one year 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 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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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