SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Grows Holdings in Amazon.com, Inc. $AMZN

Key Points

• SHEPHERD WEALTH MANAGEMENT Ltd Liability Co increased its stake in Amazon.com by 168.9%, now holding $6.63 million worth of shares.
• Amazon.com recently reported earnings of $1.68 per share, exceeding analyst expectations of $1.31, with a revenue of $167.70 billion for the quarter.
• Current analyst ratings for Amazon.com show a consensus of "Buy" with an average price target of $262.87, following several upgrades from various analysts.

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 168.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,868 shares of the e-commerce giant's stock after buying an additional 21,903 shares during the quarter. Amazon.com accounts for approximately 6.8% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co's holdings, making the stock its 5th biggest holding. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co's holdings in Amazon.com were worth $6,631,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Western Wealth Management LLC increased its position in shares of Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth about $514,000. Bearing Point Capital LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth about $12,014,000. Evergreen Capital Management LLC increased its position in shares of Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Keyvantage Wealth LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth about $2,735,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Scotiabank increased their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 22nd. Jefferies Financial Group increased their target price on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Citizens Jmp assumed coverage on shares of Amazon.com in a research report on Thursday, July 10th. They set a "strong-buy" rating for the company. Telsey Advisory Group reiterated an "outperform" rating and set a $265.00 target price on shares of Amazon.com in a research report on Wednesday, August 13th. Finally, Citigroup reiterated an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com Price Performance

NASDAQ:AMZN traded down $7.91 during mid-day trading on Wednesday, reaching $230.33. 60,798,520 shares of the company were exchanged, compared to its average volume of 32,696,864. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a fifty day moving average of $226.43 and a 200 day moving average of $208.24. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.46 trillion, a PE ratio of 35.11, a PEG ratio of 1.60 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company'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. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is currently owned by company insiders.

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.