Jupiter Wealth Management LLC Sells 7,109 Shares of Amazon.com, Inc. $AMZN

Key Points

• Jupiter Wealth Management LLC sold 7,109 shares of Amazon.com, reducing its holdings by 23.2% to own a total of 23,543 shares worth approximately $4.85 million.
• Multiple analysts have recently issued positive ratings and increased price targets for Amazon.com, with an average price target of $262.87 and a consensus rating of "Buy."
• In recent insider activity, Amazon executives sold a significant number of shares, with one SVP selling 13,570 shares for over $3 million, indicating a substantial reduction in their holdings.

Jupiter Wealth Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 23.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,543 shares of the e-commerce giant's stock after selling 7,109 shares during the quarter. Amazon.com comprises 3.1% of Jupiter Wealth Management LLC's holdings, making the stock its 10th biggest position. Jupiter Wealth Management LLC's holdings in Amazon.com were worth $4,854,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bare Financial Services Inc increased its holdings in shares of Amazon.com by 5.4% during the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant's stock worth $177,000 after buying an additional 48 shares in the last quarter. Talisman Wealth Advisors LLC boosted its stake in Amazon.com by 1.2% during the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock worth $1,020,000 after acquiring an additional 53 shares in the last quarter. SWAN Capital LLC increased its position in Amazon.com by 3.1% in the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after buying an additional 55 shares in the last quarter. Hamel Associates Inc. raised its position in shares of Amazon.com by 1.4% during the first quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant's stock worth $780,000 after purchasing an additional 55 shares during the period. Finally, Clifford Group LLC grew its position in Amazon.com by 0.4% in the 1st quarter. Clifford Group LLC now owns 13,605 shares of the e-commerce giant's stock valued at $2,589,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $262.87.

Amazon.com Trading Down 0.8%

Shares of AMZN opened at $228.15 on Friday. The stock has a market capitalization of $2.43 trillion, a P/E ratio of 34.78, a PEG ratio of 1.54 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $226.87 and a two-hundred day simple moving average of $208.58. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares of the company's stock, valued at $9,825,943.60. This represents a 23.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock worth $5,676,032,574 over the last ninety days. 9.70% of the stock is 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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