Kingsman Wealth Management Inc. Takes Position in Amazon.com, Inc. $AMZN

Key Points

• Kingsman Wealth Management Inc. has acquired 64,116 shares of Amazon.com, valued at approximately $12.2 million, making it the firm’s 3rd largest investment.
• Insider Jeffrey Bezos sold over 4.2 million shares of Amazon, totaling nearly $961 million, reducing his ownership in the company by 0.47%.
• Amazon.com stock recently decreased by 1.8% to $223.81, while analysts continue to project a strong outlook with several price target increases, averaging $262.87.

Kingsman Wealth Management Inc. bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 64,116 shares of the e-commerce giant's stock, valued at approximately $12,199,000. Amazon.com makes up 8.9% of Kingsman Wealth Management Inc.'s portfolio, making the stock its 3rd biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the 4th quarter worth $27,000. LSV Asset Management purchased a new stake in Amazon.com during the 4th quarter worth $35,000. Perritt Capital Management Inc increased its stake in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the period. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter worth about $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter worth about $40,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Barclays lifted their price target on shares of Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Cantor Fitzgerald boosted 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. DA Davidson boosted their price target on shares of Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Pivotal Research boosted their price target on shares of Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $262.87.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,784 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the completion of the sale, the chief executive officer directly owned 510,255 shares of the company's stock, valued at approximately $118,542,441.60. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction on 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 sale, the insider directly owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,012,284 shares of company stock valued at $5,656,976,492. 9.70% of the stock is owned by insiders.

Amazon.com Stock Up 3.0%

AMZN stock traded up $6.6690 during trading hours on Friday, hitting $228.6190. The company's stock had a trading volume of 23,563,066 shares, compared to its average volume of 44,459,570. 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 company has a market capitalization of $2.44 trillion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a 50 day moving average price of $222.30 and a two-hundred day moving average price of $208.35.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its 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 company had revenue of $167.70 billion during 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 company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.