GK Wealth Management LLC Has $5.58 Million Stock Position in Amazon.com, Inc. $AMZN

Key Points

• GK Wealth Management LLC increased its stake in Amazon.com by 8.1% during Q2, holding 25,453 shares valued at approximately $5.58 million, making it their largest investment.
• A number of analysts have raised their price targets for Amazon, with JPMorgan upping it from $255 to $265, while the average target price is now $263.30.
• Amazon's recent quarterly earnings exceeded expectations, reporting $1.68 EPS and revenues of $167.70 billion, indicating a 13.3% year-over-year growth.

GK Wealth Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 25,453 shares of the e-commerce giant's stock after purchasing an additional 1,900 shares during the period. Amazon.com makes up approximately 5.0% of GK Wealth Management LLC's portfolio, making the stock its biggest holding. GK Wealth Management LLC's holdings in Amazon.com were worth $5,584,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 8,913,959 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock worth $18,527,354,000 after buying an additional 302,858 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Amazon.com by 14.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,975,984 shares of the e-commerce giant's stock worth $14,474,471,000 after buying an additional 8,142,030 shares during the last quarter. Nuveen LLC bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $11,674,091,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Amazon.com by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant's stock worth $11,461,952,000 after purchasing an additional 605,415 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Up 0.1%

NASDAQ AMZN traded up $0.25 during trading on Friday, hitting $231.48. 97,793,456 shares of the company's stock traded hands, compared to its average volume of 34,071,644. The stock has a fifty day moving average of $227.81 and a two-hundred day moving average of $209.43. 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 12-month low of $161.38 and a 12-month high of $242.52. The firm has a market cap of $2.47 trillion, a P/E ratio of 35.29, a PEG ratio of 1.55 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, beating the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated 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 $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares of the company's stock, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 in the last quarter. 9.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. Susquehanna lifted their price target on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Thursday, September 11th. Citigroup reaffirmed an "overweight" rating on shares of Amazon.com in a report on Wednesday, August 13th. Moffett Nathanson lifted their price target on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Amazon.com has a consensus rating of "Buy" and a consensus target price of $263.30.

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.