Journey Strategic Wealth LLC Has $10.51 Million Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Journey Strategic Wealth LLC increased its stake in Amazon.com by 12.7%, owning a total of 55,228 shares valued at approximately $10.5 million.
• Amazon.com reported $1.68 earnings per share for the most recent quarter, surpassing analysts' expectations, with revenue rising 13.3% year-over-year.
• The stock has received several upgrades from analysts, with price targets ranging from $255 to $305 and an average rating of "Buy."

Journey Strategic Wealth LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,228 shares of the e-commerce giant's stock after acquiring an additional 6,238 shares during the period. Amazon.com comprises approximately 0.4% of Journey Strategic Wealth LLC's investment portfolio, making the stock its 23rd largest holding. Journey Strategic Wealth LLC's holdings in Amazon.com were worth $10,508,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after buying an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after acquiring an additional 54,987 shares during the period. Highview Capital Management LLC DE increased its holdings in shares of Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new stake in Amazon.com in the 4th quarter valued at $2,153,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded up $6.89 during mid-day trading on Friday, reaching $228.84. The company had a trading volume of 37,264,095 shares, compared to its average volume of 46,830,960. The firm has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.88, a PEG ratio of 1.54 and a beta of 1.31. The business's 50-day simple moving average is $222.63 and its 200 day simple moving average is $208.07. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. 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 Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 25,012,284 shares of company stock worth $5,656,976,492 in the last three months. 9.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMZN. Canaccord Genuity Group reaffirmed a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Royal Bank Of Canada raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Evercore ISI reaffirmed an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a report on Wednesday, August 13th. Cantor Fitzgerald increased their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Benchmark restated a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $262.87.

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.