Pure Financial Advisors LLC Boosts Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Pure Financial Advisors LLC increased its stake in Amazon.com by 51.2% during Q2, owning 100,855 shares worth approximately $22.1 million after acquiring an additional 34,160 shares.
• Other institutional investors such as Vanguard Group Inc. and Kingstone Capital Partners also raised their positions significantly, highlighting strong institutional interest in Amazon.
• Amazon's recent earnings showed a 13.3% year-over-year revenue growth with earnings per share of $1.68, exceeding the estimates, and analysts generally maintain a "Buy" rating on the stock with an average target price of $266.26.

Pure Financial Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 51.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,855 shares of the e-commerce giant's stock after acquiring an additional 34,160 shares during the period. Pure Financial Advisors LLC's holdings in Amazon.com were worth $22,127,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after buying an additional 8,913,959 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its position in shares of Amazon.com by 542,733.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock worth $29,100,194,000 after buying an additional 132,616,953 shares in the last quarter. Northern Trust Corp raised its position in shares of Amazon.com by 0.3% in the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock worth $18,527,354,000 after buying an additional 302,858 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Amazon.com in the first quarter worth $11,674,091,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Amazon.com by 1.0% in the first 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. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

AMZN opened at $213.04 on Friday. The stock's 50 day simple moving average is $225.66 and its 200 day simple moving average is $212.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm has a market cap of $2.27 trillion, a price-to-earnings ratio of 32.48, a PEG ratio of 1.42 and a beta of 1.28.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AMZN shares. Monness Crespi & Hardt increased their price objective on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Scotiabank increased their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price target on Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Jefferies Financial Group restated a "buy" rating on shares of Amazon.com in a research report on Thursday, September 11th. Finally, BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a research report on Friday, June 27th. Three equities 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's stock. Based on data from MarketBeat.com, Amazon.com has an average rating of "Buy" and an average target price of $266.26.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $227.77, for a total transaction of $973,315,191.49. Following the transaction, the insider owned 890,273,469 shares in the company, valued at $202,777,588,034.13. The trade was a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,864,716 shares of company stock worth $2,486,013,854 over the last 90 days. 9.70% 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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