Hurlow Wealth Management Group Inc. Purchases 1,242 Shares of Amazon.com, Inc. $AMZN

Key Points

• Hurlow Wealth Management Group Inc. increased its stake in Amazon.com by 37.3%, now holding 4,576 shares valued at approximately $1,004,000 after acquiring 1,242 shares in the second quarter.
• Amazon reported a quarterly earnings per share of $1.68, exceeding estimates and achieving a revenue of $167.70 billion, reflecting a year-over-year increase of 13.3%.
• Analysts remain bullish on Amazon with an average target price of $264.04, bolstered by multiple recent upgrades from firms like BNP Paribas Exane and DA Davidson.

Hurlow Wealth Management Group Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 37.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,576 shares of the e-commerce giant's stock after acquiring an additional 1,242 shares during the period. Hurlow Wealth Management Group Inc.'s holdings in Amazon.com were worth $1,004,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the fourth quarter valued at about $25,000. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com in the second quarter valued at about $27,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the first quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the first quarter valued at about $40,000. Finally, Capitol Family Office Inc. bought a new stake in shares of Amazon.com in the first quarter valued at about $42,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $218.15 on Friday. The firm has a market cap of $2.33 trillion, a price-to-earnings ratio of 33.25, a PEG ratio of 1.47 and a beta of 1.30. The company has a 50 day moving average of $227.57 and a 200-day moving average of $210.00. 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 posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The company 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 quarter last year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders have sold 21,997,911 shares of company stock valued at $4,989,630,574. Insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of analyst reports. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research note on Friday, June 27th. Morgan Stanley restated an "overweight" rating on shares of Amazon.com in a research note on Wednesday, September 10th. DA Davidson raised their price target on shares of Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Pivotal Research raised their price target on shares of Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Wedbush restated an "outperform" rating and set a $250.00 price target on shares of Amazon.com in a research note on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $264.04.

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.