Riversedge Advisors LLC Purchases 2,745 Shares of Amazon.com, Inc. $AMZN

Key Points

• Riversedge Advisors LLC increased its stake in Amazon.com by 40.5%, owning 9,529 shares worth approximately $2.09 million at the end of the second quarter.
• Amazon reported $1.68 earnings per share (EPS) for the last quarter, exceeding analysts' expectations and showing a revenue growth of 13.3% year-over-year.
• Insider trading activity includes Jeffrey P. Bezos selling over 4 million shares for $960 million, reducing his ownership by 0.47%, while insiders have sold nearly 25 million shares in the last 90 days.

Riversedge Advisors LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 40.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,529 shares of the e-commerce giant's stock after acquiring an additional 2,745 shares during the quarter. Riversedge Advisors LLC's holdings in Amazon.com were worth $2,091,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Nuveen LLC bought a new position in shares of Amazon.com in the first quarter worth about $11,674,091,000. GAMMA Investing LLC grew its stake 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 purchasing an additional 30,104,520 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Amazon.com by 21.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock valued at $11,017,657,000 after acquiring an additional 10,176,835 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $2,037,963,000. Finally, Vanguard Group Inc. increased its position in shares of Amazon.com by 1.1% during 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 acquiring an additional 8,913,959 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a research report on Friday, June 27th. Pivotal Research upped their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Evercore ISI reissued an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a research note on Wednesday, August 13th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $265.00 price target on shares of Amazon.com in a report on Wednesday, August 13th. Two research 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. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $263.30.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company's stock, valued at $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total transaction of $558,725.00. Following the completion of the sale, the chief executive officer owned 518,007 shares of the company's stock, valued at approximately $115,769,384.43. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock worth $5,676,032,574 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Up 0.1%

NASDAQ AMZN traded up $0.25 during trading hours on Friday, hitting $231.48. 97,793,456 shares of the company's stock were exchanged, compared to its average volume of 37,103,036. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a 50-day simple moving average of $227.81 and a 200 day simple moving average of $209.43. The firm 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 1.31. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.