PTM Wealth Management LLC Makes New Investment in Amazon.com, Inc. $AMZN

Key Points

• PTM Wealth Management LLC has made a new investment in Amazon.com, purchasing 2,572 shares valued at approximately $489,000.
• Insider trading has seen significant activity, with CEO Douglas J. Herrington and CFO Brian T. Olsavsky selling 6,835 and 17,750 shares respectively, indicating a combined total sell-off of 25 million shares over the last three months.
• Research analysts have raised their price targets for Amazon.com, with a consensus target price now set at $262.87, indicating continued confidence in the company's stock performance.

PTM Wealth Management LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,572 shares of the e-commerce giant's stock, valued at approximately $489,000. Amazon.com makes up about 0.5% of PTM Wealth Management LLC's investment portfolio, making the stock its 23rd biggest position.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Capital World Investors boosted its holdings in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after buying an additional 17,681,004 shares in the last quarter. Capital International Investors boosted its holdings in shares of Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after buying an additional 12,000,745 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Amazon.com by 14.0% in the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock valued at $21,297,564,000 after buying an additional 11,926,749 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $2,037,963,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 6,835 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.62, for a total value of $1,514,772.70. Following the completion of the transaction, the chief executive officer directly owned 520,507 shares of the company's stock, valued at $115,354,761.34. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the transaction, the chief financial officer directly owned 49,000 shares of the company's stock, valued at $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,097,911 shares of company stock valued at $5,675,986,299. 9.70% of the stock is owned by company insiders.

Amazon.com Trading Up 1.1%

Shares of NASDAQ AMZN traded up $2.48 during trading on Thursday, hitting $231.60. 33,650,159 shares of the company were exchanged, compared to its average volume of 46,110,316. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month 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. The company has a fifty day moving average price of $223.48 and a 200-day moving average price of $208.13. The firm has a market capitalization of $2.47 trillion, a PE ratio of 35.30, a P/E/G ratio of 1.54 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for 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%.The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of several research analyst reports. Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Wells Fargo & Company raised their price target on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $265.00 target price on shares of Amazon.com in a report on Wednesday, August 13th. Finally, Cantor Fitzgerald lifted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $262.87.

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.