JPL Wealth Management LLC Decreases Holdings in Amazon.com, Inc. $AMZN

Key Points

• JPL Wealth Management LLC decreased its holdings in Amazon.com by 18.2%, selling 4,896 shares to end up with 22,058 shares, which now represent about 1.6% of its portfolio.
• Amazon's recent earnings report showed an EPS of $1.68, surpassing analyst estimates, and the company's revenue for the quarter reached $167.70 billion, up 13.3% year-over-year.
• Wall Street analysts have a consensus rating of "Buy" for Amazon.com shares, with multiple analysts increasing their target prices, now averaging around $262.87.

JPL Wealth Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,058 shares of the e-commerce giant's stock after selling 4,896 shares during the period. Amazon.com accounts for approximately 1.6% of JPL Wealth Management LLC's portfolio, making the stock its 18th largest holding. JPL Wealth Management LLC's holdings in Amazon.com were worth $3,979,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc boosted its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Amazon.com in the first quarter worth about $40,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock traded up $6.89 on Friday, hitting $228.84. 37,264,095 shares of the company's stock were exchanged, compared to its average volume of 46,830,960. The company has a 50-day simple moving average of $222.30 and a 200-day simple moving average of $208.35. The stock has a market capitalization of $2.44 trillion, a PE ratio of 34.88, a PEG ratio of 1.49 and a beta of 1.31. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 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 released its 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 company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 EPS. Amazon.com'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. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMZN shares. BMO Capital Markets lifted their target price on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Cowen reissued a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. JMP Securities reissued a "market outperform" rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, Pivotal Research raised their price target on shares of Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $262.87.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,784 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $232.32, for a total value of $1,111,418.88. Following the sale, the chief executive officer owned 510,255 shares in the company, valued at $118,542,441.60. The trade was a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,012,284 shares of company stock worth $5,656,976,492. Corporate insiders own 9.70% of the company's stock.

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.