Global Trust Asset Management LLC Boosts Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Global Trust Asset Management LLC increased its stake in Amazon.com by 24.7% during the second quarter, now holding 22,266 shares valued at approximately $4.88 million.
• Amazon.com recently reported $1.68 earnings per share for the last quarter, surpassing analysts' expectations of $1.31 and marking a 13.3% year-over-year revenue increase.
• Insider transactions reveal significant sell-offs, with executives selling over 14 million shares valued at approximately $3.20 billion in the last quarter.

Global Trust Asset Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 24.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,266 shares of the e-commerce giant's stock after acquiring an additional 4,413 shares during the period. Amazon.com makes up 2.6% of Global Trust Asset Management LLC's portfolio, making the stock its 7th biggest holding. Global Trust Asset Management LLC's holdings in Amazon.com were worth $4,885,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Carderock Capital Management Inc. bought a new stake in Amazon.com in the 2nd quarter valued at about $27,000. Cooksen Wealth LLC bought a new stake in Amazon.com during the first quarter valued at approximately $36,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the first quarter worth $40,000. Maryland Capital Advisors Inc. boosted its stake in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock worth $46,000 after purchasing an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. bought a new position in Amazon.com in the 1st quarter worth approximately $42,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 5.0%

Shares of AMZN stock opened at $216.37 on Friday. The stock has a 50 day simple moving average of $225.94 and a 200 day simple moving average of $211.90. The stock has a market cap of $2.31 trillion, a P/E ratio of 32.98, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52.

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

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares in the company, valued at $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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 research analysts have issued reports on the company. Mizuho set a $300.00 price target on Amazon.com and gave the company an "outperform" rating in a report on Monday, September 29th. JMP Securities reiterated a "market outperform" rating and set a $285.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Piper Sandler upped their price target on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Bank of America increased their target price on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Needham & Company LLC reissued a "buy" rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $266.26.

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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