McAdam LLC Buys 3,023 Shares of Amazon.com, Inc. $AMZN

Key Points

• McAdam LLC increased its stake in Amazon.com by 11.1%, acquiring an additional 3,023 shares, bringing its total holdings to 30,140 shares valued at approximately $6.61 million.
• Insider activity reveals that VP Shelley Reynolds and CEO Douglas J. Herrington sold shares, decreasing their ownership by 2.22% and 0.48% respectively, while insiders collectively sold over 18 million shares valued at $4.27 billion in the past three months.
• A number of Wall Street analysts maintain a consensus buy rating for Amazon.com stock, with target prices ranging from $250 to $280, signaling confidence in the company's growth potential.

McAdam LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,140 shares of the e-commerce giant's stock after buying an additional 3,023 shares during the quarter. McAdam LLC's holdings in Amazon.com were worth $6,612,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AMZN. Xcel Wealth Management LLC grew its stake in shares of Amazon.com by 2.6% during the 2nd quarter. Xcel Wealth Management LLC now owns 136,751 shares of the e-commerce giant's stock valued at $30,002,000 after acquiring an additional 3,506 shares during the period. Pitti Group Wealth Management LLC lifted its holdings in Amazon.com by 5.8% during the second quarter. Pitti Group Wealth Management LLC now owns 10,462 shares of the e-commerce giant's stock valued at $2,295,000 after purchasing an additional 570 shares in the last quarter. Cora Capital Advisors LLC lifted its holdings in Amazon.com by 7.6% during the second quarter. Cora Capital Advisors LLC now owns 14,804 shares of the e-commerce giant's stock valued at $3,248,000 after purchasing an additional 1,047 shares in the last quarter. Well Done LLC boosted its position in shares of Amazon.com by 0.5% in the second quarter. Well Done LLC now owns 14,952 shares of the e-commerce giant's stock worth $3,280,000 after purchasing an additional 76 shares during the period. Finally, BostonPremier Wealth LLC increased its stake in shares of Amazon.com by 42.0% in the second quarter. BostonPremier Wealth LLC now owns 13,673 shares of the e-commerce giant's stock worth $3,000,000 after purchasing an additional 4,047 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Shelley Reynolds sold 2,715 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the transaction, the vice president directly owned 119,780 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total transaction of $542,750.00. Following the completion of the transaction, the chief executive officer owned 515,507 shares in the company, valued at $111,916,569.70. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,798,540 shares of company stock valued at $4,273,477,287. Insiders own 10.80% of the company's stock.

Amazon.com Trading Down 1.3%

AMZN opened at $219.51 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock's 50 day moving average price is $226.55 and its 200-day moving average price is $211.24. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The stock has a market cap of $2.34 trillion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 1.47 and a beta of 1.28.

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. The firm had revenue of $167.70 billion during 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%.Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $1.26 EPS. 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 year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AMZN shares. Needham & Company LLC reiterated a "buy" rating and issued a $265.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Amazon.com in a research note on Saturday, September 27th. Roth Capital set a $250.00 target price on Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Robert W. Baird boosted their price target on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and a consensus price target of $266.26.

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.

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