Secure Asset Management LLC Raises Position in Amazon.com, Inc. $AMZN

Key Points

• Secure Asset Management LLC increased its stake in Amazon.com by 9.5% in the second quarter, owning 26,552 shares valued at approximately $5.83 million.
• Numerous institutional investors, including Goldman Sachs and Vanguard Group, have significantly increased their positions in Amazon, resulting in 72.20% of the stock being owned by such investors.
• Amazon stock recently saw a slight decline of 0.2% and reported earnings that exceeded estimates, with a revenue increase of 13.3% year-over-year, totaling $167.70 billion for the quarter.

Secure Asset Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,552 shares of the e-commerce giant's stock after purchasing an additional 2,303 shares during the period. Amazon.com accounts for about 1.1% of Secure Asset Management LLC's portfolio, making the stock its 19th biggest position. Secure Asset Management LLC's holdings in Amazon.com were worth $5,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Nuveen LLC purchased a new stake in Amazon.com during the first quarter valued at approximately $11,674,091,000. GAMMA Investing LLC raised its position in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock worth $11,017,657,000 after buying an additional 10,176,835 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $2,037,963,000. Finally, Vanguard Group Inc. raised its holdings 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 during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares of the company's stock, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Down 0.2%

Shares of NASDAQ AMZN opened at $220.21 on Thursday. 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 market capitalization of $2.35 trillion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30. The stock's fifty day simple moving average is $227.68 and its two-hundred day simple moving average is $209.83. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMZN. Pivotal Research increased their price target on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Friday, August 1st. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Stifel Nicolaus increased their price target on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Zacks Research downgraded Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Scotiabank increased their price target on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Amazon.com has a consensus rating of "Buy" and an average price target of $264.04.

Amazon.com Company 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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