MBL Wealth LLC Sells 1,896 Shares of Amazon.com, Inc. $AMZN

Key Points

• MBL Wealth LLC reduced its holdings in Amazon.com, Inc. by 7.7% during the 2nd quarter, selling 1,896 shares and owning 22,777 shares valued at approximately $4.99 million at quarter's end.
• Amazon executives, including VP Shelley Reynolds and CEO Matthew S. Garman, sold significant shares on August 21, with Garman's sale resulting in an 85% decrease in his ownership.
• Several analysts have recently upgraded their price targets for Amazon shares, with a consensus average target price of $267.27, indicating a generally positive outlook for the stock.

MBL Wealth LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,777 shares of the e-commerce giant's stock after selling 1,896 shares during the period. MBL Wealth LLC's holdings in Amazon.com were worth $4,997,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Carderock Capital Management Inc. purchased a new position in Amazon.com during the second quarter worth $27,000. Cooksen Wealth LLC purchased a new position in Amazon.com during the first quarter worth $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com during the first quarter worth $40,000. Capitol Family Office Inc. purchased a new position in Amazon.com during the first quarter worth $42,000. Finally, Maryland Capital Advisors Inc. boosted its stake in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock worth $46,000 after buying an additional 95 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the sale, the chief executive officer directly owned 3,138 shares of the company's stock, valued at approximately $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,741,053 shares of company stock valued at $630,824,413. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

AMZN stock opened at $222.03 on Wednesday. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 33.85, a PEG ratio of 1.43 and a beta of 1.28. The firm has a 50-day simple moving average of $225.57 and a two-hundred day simple moving average of $213.26. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS 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 analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on AMZN shares. Moffett Nathanson lifted their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Cantor Fitzgerald upped their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. CIBC upped their price target on shares of Amazon.com to $315.00 in a report on Monday. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Jefferies Financial Group restated a "buy" rating on shares of Amazon.com in a report on Monday. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Amazon.com has an average rating of "Buy" and an average target price of $267.27.

Amazon.com Company 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.

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