OMNI 360 Wealth Inc. Has $1.38 Million Position in Amazon.com, Inc. $AMZN

Key Points

• OMNI 360 Wealth Inc. boosted its stake in Amazon.com by 23.3% in Q2, increasing its holdings to 6,270 shares valued at approximately $1.38 million.
• Several institutional investors, including Douglas Lane & Associates LLC, significantly increased their positions in Amazon, with Douglas Lane raising its stake by 43.2%.
• Amazon's most recent earnings report showed EPS of $1.68, surpassing expectations and with revenue of $167.70 billion, marking a 13.3% year-over-year increase.

OMNI 360 Wealth Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 23.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,270 shares of the e-commerce giant's stock after acquiring an additional 1,186 shares during the period. Amazon.com comprises approximately 0.7% of OMNI 360 Wealth Inc.'s portfolio, making the stock its 29th largest position. OMNI 360 Wealth Inc.'s holdings in Amazon.com were worth $1,376,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its position in Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the period. Northern Trust Corp increased its holdings in shares of Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock valued at $18,527,354,000 after purchasing an additional 302,858 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Amazon.com by 14.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,975,984 shares of the e-commerce giant's stock valued at $14,474,471,000 after acquiring an additional 8,142,030 shares during the period. Nuveen LLC acquired a new position in Amazon.com during the first quarter worth $11,674,091,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Amazon.com by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant's stock worth $11,461,952,000 after buying an additional 605,415 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wells Fargo & Company increased their target price on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Bank of America lifted their price target on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a report on Friday, August 1st. BMO Capital Markets increased their price target on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Stifel Nicolaus increased their target price on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, Piper Sandler boosted their target price on shares of Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $263.30.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $0.25 during trading hours on Friday, reaching $231.48. The stock had a trading volume of 97,793,456 shares, compared to its average volume of 34,071,644. The business's fifty day moving average is $227.81 and its two-hundred day moving average is $209.43. 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 company has a market cap of $2.47 trillion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.55 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating 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 analysts' expectations of $161.80 billion. During the same period last year, the firm posted $1.26 EPS. The business's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other 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 value of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares of the company's stock, valued at $10,914,260. This represents a 26.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. Corporate insiders own 9.70% of the company's stock.

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.