Raleigh Capital Management Inc. Has $2.80 Million Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Raleigh Capital Management Inc. increased its stake in Amazon.com, Inc. by 15.1%, owning 12,753 shares valued at approximately $2.80 million.
• Insider trading activity showed CEO Matthew S. Garman and CFO Brian T. Olsavsky sold significant shares, representing 85% and 26.59% decreases in their holdings, respectively.
• Amazon's recent earnings report exceeded expectations, with a revenue of $167.70 billion and an EPS of $1.68, surpassing consensus estimates.

Raleigh Capital Management Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,753 shares of the e-commerce giant's stock after buying an additional 1,669 shares during the quarter. Amazon.com accounts for about 1.2% of Raleigh Capital Management Inc.'s investment portfolio, making the stock its 11th largest position. Raleigh Capital Management Inc.'s holdings in Amazon.com were worth $2,798,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ridgecrest Wealth Partners LLC increased its stake in Amazon.com by 0.5% during the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock valued at $1,843,000 after acquiring an additional 45 shares during the period. Bare Financial Services Inc increased its stake in Amazon.com by 5.4% during the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant's stock valued at $177,000 after acquiring an additional 48 shares during the period. Heritage Oak Wealth Advisors LLC increased its stake in Amazon.com by 1.2% during the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant's stock valued at $862,000 after acquiring an additional 48 shares during the period. Cobblestone Asset Management LLC increased its stake in Amazon.com by 3.1% during the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant's stock valued at $367,000 after acquiring an additional 50 shares during the period. Finally, Seek First Inc. grew its stake in shares of Amazon.com by 0.5% in the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant's stock valued at $2,009,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the transaction, the chief executive officer owned 3,138 shares of the company's stock, valued at approximately $695,286.66. This represents a 85.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's 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 directly owned 49,000 shares in the company, valued at approximately $10,914,260. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,864,716 shares of company stock worth $2,486,013,854. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Up 1.7%

Shares of AMZN opened at $220.07 on Tuesday. The business's 50 day simple moving average is $226.10 and its 200-day simple moving average is $212.16. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a market capitalization of $2.35 trillion, a P/E ratio of 33.55, a PEG ratio of 1.43 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the business earned $1.26 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Truist Financial upped their price objective on Amazon.com from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective on the stock in a research note on Friday, June 27th. Royal Bank Of Canada upped their price objective on Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. UBS Group reiterated a "buy" rating and issued a $271.00 price objective (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Wednesday, September 24th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $266.26.

About Amazon.com

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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