Geneos Wealth Management Inc. Acquires 8,456 Shares of Amazon.com, Inc. $AMZN

Key Points

• Geneos Wealth Management Inc. increased its stake in Amazon.com by 8.0%, acquiring an additional 8,456 shares, bringing its total holdings to 114,609 shares, valued at approximately $21.8 million.
• Insider Jeffrey P. Bezos sold 4,273,237 shares for around $960.67 million, reducing his ownership by 0.47%, while insiders collectively sold over 25 million shares worth about $5.68 billion in the past 90 days.
• Amazon's recent earnings report showed $167.70 billion in revenue, exceeding estimates by $5.9 billion, and an EPS of $1.68, surpassing expectations of $1.31.

Geneos Wealth Management Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,609 shares of the e-commerce giant's stock after acquiring an additional 8,456 shares during the quarter. Amazon.com accounts for about 0.7% of Geneos Wealth Management Inc.'s investment portfolio, making the stock its 22nd largest position. Geneos Wealth Management Inc.'s holdings in Amazon.com were worth $21,806,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cooksen Wealth LLC bought a new position in Amazon.com in the 1st quarter worth about $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com in the 1st quarter worth about $40,000. Capitol Family Office Inc. bought a new position in Amazon.com in the 1st quarter worth about $42,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Amazon.com in the 1st quarter worth about $59,000. Finally, von Borstel & Associates Inc. bought a new position in Amazon.com in the 1st quarter worth about $66,000. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is owned by company insiders.

Amazon.com Price Performance

AMZN opened at $228.15 on Friday. The stock's 50 day simple moving average is $226.87 and its 200 day simple moving average is $208.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm has a market cap of $2.43 trillion, a price-to-earnings ratio of 34.78, a PEG ratio of 1.54 and a beta of 1.30.

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, topping 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 business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the company earned $1.26 EPS. Amazon.com's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMZN. JPMorgan Chase & Co. upped their target price on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Royal Bank Of Canada increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Barclays increased 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. Rosenblatt Securities increased their price objective on Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently 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.

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