Modern Wealth Management LLC Boosts Stake in Amazon.com, Inc. $AMZN

Key Points

• Modern Wealth Management LLC increased its stake in Amazon.com, Inc. by 18.8%, owning a total of 84,198 shares valued at approximately $16,020,000 after acquiring additional shares in Q1.
• Several institutional investors, including Brighton Jones LLC and Revolve Wealth Partners LLC, have boosted their positions in Amazon.com, with institutional ownership currently at 72.20%.
• Amazon.com reported a Q2 EPS of $1.68, outperforming estimates, with quarterly revenue reaching $167.70 billion, up 13.3% year-over-year.

Modern Wealth Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,198 shares of the e-commerce giant's stock after acquiring an additional 13,337 shares during the period. Modern Wealth Management LLC's holdings in Amazon.com were worth $16,020,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. Brighton Jones LLC increased its position in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after acquiring an additional 397,007 shares during the period. Revolve Wealth Partners LLC increased its position in Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after acquiring an additional 986 shares during the period. Bank Pictet & Cie Europe AG increased its position in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after acquiring an additional 54,987 shares during the period. Highview Capital Management LLC DE increased its position in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after acquiring an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC acquired a new position in Amazon.com in the 4th quarter valued at about $2,153,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Morgan Stanley reiterated an "overweight" rating on shares of Amazon.com in a research report on Wednesday. Truist Financial boosted their target price on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Jefferies Financial Group boosted their target price on Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. JPMorgan Chase & Co. boosted their target price on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Amazon.com has an average rating of "Buy" and a consensus price target of $262.87.

Amazon.com Stock Performance

AMZN opened at $228.15 on Monday. The stock has a market cap of $2.43 trillion, a P/E ratio of 34.78, a P/E/G ratio of 1.53 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock's 50 day simple moving average is $226.87 and its 200 day simple moving average is $208.58. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. This represents a 26.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the sale, the vice president owned 119,780 shares in the company, valued at approximately $26,548,039.20. This trade represents a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock worth $5,676,032,574 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

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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