Krilogy Financial LLC Raises Holdings in Amazon.com, Inc. $AMZN

Key Points

• Krilogy Financial LLC increased its stake in Amazon.com, Inc. by 3.1% during Q2, now holding 119,990 shares valued at $26.3 million.
• Insider Jeffrey P. Bezos sold over 4.2 million shares for approximately $960.7 million, reducing his ownership by 0.47% while still retaining shares valued at over $201.8 billion.
• Equity analysts have shown strong confidence in Amazon, with multiple firms raising their price targets and issuing "buy" ratings, leading to a current average target price of $263.30.

Krilogy Financial LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,990 shares of the e-commerce giant's stock after purchasing an additional 3,594 shares during the period. Amazon.com accounts for 1.5% of Krilogy Financial LLC's holdings, making the stock its 17th biggest holding. Krilogy Financial LLC's holdings in Amazon.com were worth $26,325,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Western Wealth Management LLC lifted its holdings in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC lifted its holdings in Amazon.com by 87.7% in the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant's stock worth $968,000 after purchasing an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Amazon.com in the 1st quarter worth approximately $514,000. Colonial Trust Co SC lifted its holdings in Amazon.com by 5.9% in the 4th quarter. Colonial Trust Co SC now owns 61,074 shares of the e-commerce giant's stock worth $13,399,000 after purchasing an additional 3,413 shares in the last quarter. Finally, McIlrath & Eck LLC lifted its holdings in Amazon.com by 8.8% in the 4th quarter. McIlrath & Eck LLC now owns 18,498 shares of the e-commerce giant's stock worth $4,058,000 after purchasing an additional 1,490 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $265.00 price objective on shares of Amazon.com in a report on Wednesday, August 13th. Bank of America upped their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Westpark Capital reaffirmed a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Pivotal Research upped their price objective on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Zacks Research cut Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $263.30.

Amazon.com Trading Down 1.7%

Shares of NASDAQ AMZN traded down $3.85 during trading hours on Monday, hitting $227.63. 45,744,649 shares of the company traded hands, compared to its average volume of 37,103,036. The stock has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 34.70, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company's 50 day moving average price is $227.81 and its 200 day moving average price is $209.49. 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 released its 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 firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate 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 value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. Corporate insiders own 10.80% of the company's stock.

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.