Goldstone Financial Group LLC Has $3.92 Million Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Goldstone Financial Group LLC increased its holdings in Amazon.com to $3.92 million, raising its stake by 8.2% with a total of 17,563 shares.
• Analysts have a positive outlook on Amazon.com, with a consensus price target of $263.30 and numerous 'Buy' ratings, including an increase from Scotiabank's target price to $275.00.
• Insider Jeffrey P. Bezos sold 4.27 million shares of Amazon stock for approximately $960 million, reflecting a 0.47% decrease in his holdings.

Goldstone Financial Group LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,563 shares of the e-commerce giant's stock after buying an additional 1,328 shares during the quarter. Goldstone Financial Group LLC's holdings in Amazon.com were worth $3,924,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Western Wealth Management LLC grew its position in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC grew its position in Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant's stock worth $968,000 after acquiring an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Amazon.com in the first quarter worth approximately $514,000. Bearing Point Capital LLC bought a new stake in Amazon.com in the fourth quarter worth approximately $12,014,000. Finally, Colonial Trust Co SC grew its position in Amazon.com by 5.9% in the fourth quarter. Colonial Trust Co SC now owns 61,074 shares of the e-commerce giant's stock worth $13,399,000 after acquiring an additional 3,413 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on AMZN shares. Scotiabank boosted their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 22nd. Needham & Company LLC reissued a "buy" rating and issued a $265.00 target price on shares of Amazon.com in a research report on Friday, August 1st. JMP Securities reaffirmed a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Robert W. Baird upped their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Cowen reaffirmed a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $263.30.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Over the last ninety days, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $231.48 on Friday. 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 fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm has a fifty day moving average price of $227.81 and a two-hundred day moving average price of $209.42. The company has a market cap of $2.47 trillion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating 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 firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period 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. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.