Independent Wealth Network Inc. Has $3.12 Million Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Independent Wealth Network Inc. increased its stake in Amazon.com, Inc. by 10.5%, owning approximately $3.12 million worth of shares, which makes up about 1.1% of its portfolio.
• Amazon.com reported a better-than-expected quarterly earnings with $1.68 EPS, exceeding analysts' estimates of $1.31, and recorded a revenue of $167.70 billion for the quarter.
• Wall Street analysts have a consensus target price of $266.26 for Amazon.com, with the majority rating it as a "Buy" and some even rating it as "Strong Buy."

Independent Wealth Network Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 10.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,217 shares of the e-commerce giant's stock after buying an additional 1,353 shares during the quarter. Amazon.com makes up approximately 1.1% of Independent Wealth Network Inc.'s portfolio, making the stock its 21st largest position. Independent Wealth Network Inc.'s holdings in Amazon.com were worth $3,119,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Western Wealth Management LLC boosted its holdings in shares of Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after purchasing an additional 1,297 shares during the period. Flaharty Asset Management LLC boosted its holdings in shares of Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant's stock worth $968,000 after purchasing an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Amazon.com during the first quarter worth approximately $514,000. Border to Coast Pensions Partnership Ltd boosted its holdings in shares of Amazon.com by 6.0% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant's stock worth $249,295,000 after purchasing an additional 63,924 shares during the period. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Amazon.com by 0.7% during the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after purchasing an additional 2,145 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN stock opened at $227.74 on Friday. The business's 50-day moving average price is $225.90 and its 200-day moving average price is $211.75. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 34.72, a PEG ratio of 1.51 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 (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the firm posted $1.26 earnings per share. The business's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Bank of America raised their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Moffett Nathanson raised their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Stifel Nicolaus raised their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Finally, Cantor Fitzgerald raised their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Three 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 company's stock. According to MarketBeat.com, Amazon.com currently has an average rating of "Buy" and a consensus target price of $266.26.

Insider Activity

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the transaction, the vice president directly owned 119,780 shares in the company, valued at approximately $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,040,098 shares of company stock valued at $3,204,129,405. 9.70% of the stock is currently owned by company insiders.

About Amazon.com

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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