King Wealth Management Group Boosts Stake in Amazon.com, Inc. $AMZN

Key Points

• King Wealth Management Group increased its stake in Amazon.com, Inc. by 3.6% in Q1, now holding a total value of $10.78 million with 56,631 shares, making up about 1.6% of its portfolio.
• A significant number of insiders, including CFO Brian T. Olsavsky and SVP David Zapolsky, have sold shares recently, collectively disposing of 25,095,411 shares worth over $5.67 billion.
• Amazon.com reported strong earnings with $1.68 EPS for the last quarter, exceeding expectations of $1.31, alongside a revenue of $167.7 billion compared to $161.8 billion anticipated by analysts.

King Wealth Management Group increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,631 shares of the e-commerce giant's stock after buying an additional 1,968 shares during the quarter. Amazon.com comprises about 1.6% of King Wealth Management Group's holdings, making the stock its 18th largest position. King Wealth Management Group's holdings in Amazon.com were worth $10,775,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after buying an additional 1,725,664 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after buying an additional 4,087,933 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Amazon.com by 14.0% during the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after buying an additional 11,926,749 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Amazon.com by 14.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,975,984 shares of the e-commerce giant's stock worth $14,474,471,000 after buying an additional 8,142,030 shares during the last quarter. Finally, Capital World Investors grew its holdings in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $10,914,260. This represents a 26.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 6,835 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.62, for a total value of $1,514,772.70. Following the completion of the sale, the chief executive officer directly owned 520,507 shares in the company, valued at approximately $115,354,761.34. The trade was a 1.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,095,411 shares of company stock worth $5,675,473,849. Corporate insiders own 10.80% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded down $0.54 during trading on Wednesday, hitting $224.80. 15,262,786 shares of the stock were exchanged, compared to its average volume of 43,779,773. The company has a fifty day moving average price of $224.91 and a two-hundred day moving average price of $207.92. The company has a market cap of $2.40 trillion, a PE ratio of 34.27, a P/E/G ratio of 1.54 and a beta of 1.30. 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 12-month low of $161.38 and a 12-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 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on AMZN. Wedbush raised their price target on Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Citizens Jmp assumed coverage on Amazon.com in a report on Thursday, July 10th. They issued a "strong-buy" rating on the stock. Stifel Nicolaus lifted their price objective on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Pivotal Research lifted their price objective on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, UBS Group reaffirmed a "buy" rating and issued a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. 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. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $262.87.

Amazon.com 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.