Global Financial Private Client LLC Boosts Stake in Amazon.com, Inc. $AMZN

Key Points

• Global Financial Private Client LLC increased its stake in Amazon.com, Inc. by 22.5% in the second quarter, now holding 11,250 shares worth approximately $2,468,000.
• Several institutional investors have also boosted their holdings in Amazon, with ARS Wealth Advisors Group acquiring a new stake valued at $33,477,000.
• Analysts have a consensus rating of "Buy" for Amazon shares, with target prices ranging from $250.00 to $285.00, reflecting strong confidence in the stock's future performance.

Global Financial Private Client LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,250 shares of the e-commerce giant's stock after purchasing an additional 2,068 shares during the period. Amazon.com accounts for approximately 0.9% of Global Financial Private Client LLC's holdings, making the stock its 21st largest position. Global Financial Private Client LLC's holdings in Amazon.com were worth $2,468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. ARS Wealth Advisors Group LLC purchased a new stake in shares of Amazon.com in the 2nd quarter worth $33,477,000. Ferguson Wellman Capital Management Inc. increased its stake in shares of Amazon.com by 3.1% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 629,035 shares of the e-commerce giant's stock worth $138,004,000 after purchasing an additional 18,706 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Amazon.com by 9.2% in the 2nd quarter. Exchange Traded Concepts LLC now owns 731,639 shares of the e-commerce giant's stock worth $160,514,000 after purchasing an additional 61,491 shares in the last quarter. Park Capital Management LLC WI increased its stake in shares of Amazon.com by 8.0% in the 2nd quarter. Park Capital Management LLC WI now owns 4,565 shares of the e-commerce giant's stock worth $1,002,000 after purchasing an additional 339 shares in the last quarter. Finally, Bigelow Investment Advisors LLC increased its stake in shares of Amazon.com by 1.4% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 11,299 shares of the e-commerce giant's stock worth $2,479,000 after purchasing an additional 159 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. Evercore ISI restated an "outperform" rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. Bank of America upped their target price on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, August 1st. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Amazon.com in a report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $264.04.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 19,872 shares of the 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 sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. This represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the 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 directly owned 44,110 shares in the company, 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 21,997,911 shares of company stock worth $4,989,630,574 over the last three months. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Down 0.9%

AMZN opened at $218.15 on Friday. The firm has a 50-day simple moving average of $227.57 and a two-hundred day simple moving average of $210.00. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a market capitalization of $2.33 trillion, a PE ratio of 33.25, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30. 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 (NASDAQ:AMZN - Get Free Report) last announced its 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 firm had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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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