Palacios Wealth Management LLC Grows Holdings in Amazon.com, Inc. $AMZN

Key Points

• Palacios Wealth Management LLC has increased its stake in Amazon.com, Inc. by 68.4% during the second quarter, owning a total of 24,020 shares now valued at approximately $5.27 million.
• Amazon.com reported a revenue of $167.70 billion for the last quarter, exceeding expectations by $5.9 billion, with earnings per share of $1.68, surpassing the consensus estimate.
• Insider transactions showed that Jeffrey P. Bezos sold over 4 million shares for nearly $961 million, while insider ownership now stands at around 10.80% of the company.

Palacios Wealth Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 68.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,020 shares of the e-commerce giant's stock after acquiring an additional 9,755 shares during the quarter. Amazon.com comprises 4.3% of Palacios Wealth Management LLC's holdings, making the stock its 4th largest holding. Palacios Wealth Management LLC's holdings in Amazon.com were worth $5,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $25,000. Carderock Capital Management Inc. bought a new stake in Amazon.com during the second quarter worth $27,000. Cooksen Wealth LLC bought a new stake in Amazon.com during the first quarter worth $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter worth $40,000. Finally, Capitol Family Office Inc. bought a new position in Amazon.com in the 1st quarter valued at $42,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of AMZN stock opened at $222.17 on Tuesday. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 33.87, a PEG ratio of 1.47 and a beta of 1.31. The business's fifty day moving average is $227.30 and its 200 day moving average is $210.52. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

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 for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on AMZN shares. Pivotal Research upped their price objective on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Morgan Stanley reissued an "overweight" rating on shares of Amazon.com in a report on Wednesday, September 10th. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Canaccord Genuity Group reiterated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, Susquehanna lifted their price target on Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of "Buy" and a consensus target price of $264.13.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company'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 completion of the sale, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 21,770,485 shares of company stock valued at $4,938,795,968 in the last three months. 10.80% of the stock is owned by insiders.

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.

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