Maridea Wealth Management LLC Increases Position in Amazon.com, Inc. $AMZN

Key Points

• Maridea Wealth Management LLC increased its holdings in Amazon.com, Inc. by 84.5%, owning 15,730 shares worth approximately $2.99 million as of its latest SEC filing.
• Insider Jeffrey P. Bezos sold over 4 million shares of Amazon for approximately $960.67 million, reducing his stake by 0.47% while still holding a substantial position.
• Amazon.com received multiple analyst upgrades, with a current consensus rating of "Buy" and an average target price of $262.87.

Maridea Wealth Management LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 84.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,730 shares of the e-commerce giant's stock after buying an additional 7,205 shares during the period. Amazon.com accounts for 1.0% of Maridea Wealth Management LLC's portfolio, making the stock its 19th biggest position. Maridea Wealth Management LLC's holdings in Amazon.com were worth $2,993,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AMZN. Western Wealth Management LLC grew its stake in Amazon.com by 0.9% in the first 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 during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in Amazon.com in the first quarter worth $514,000. Bearing Point Capital LLC purchased a new stake in Amazon.com in the fourth quarter worth $12,014,000. Evergreen Capital Management LLC grew its stake in Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after purchasing an additional 2,196,353 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of several analyst reports. Citizens Jmp began coverage on Amazon.com in a report on Thursday, July 10th. They issued a "strong-buy" rating on the stock. Rosenblatt Securities increased their target price on Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a report on Friday, August 1st. Piper Sandler upped their price target on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Susquehanna upped their price target on Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $265.00 target price on shares of Amazon.com in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Buy" and an average target price of $262.87.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 25,097,911 shares of company stock worth $5,675,986,299. Company insiders own 9.70% of the company's stock.

Amazon.com Trading Up 1.1%

Shares of AMZN stock traded up $2.48 on Thursday, reaching $231.60. 33,650,159 shares of the company's stock were exchanged, compared to its average volume of 46,110,316. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. 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 stock has a market capitalization of $2.47 trillion, a PE ratio of 35.30, a P/E/G ratio of 1.54 and a beta of 1.31. The company's fifty day simple moving average is $223.48 and its 200 day simple moving average is $208.13.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the company earned $1.26 EPS. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.