Smith Chas P & Associates PA Cpas Buys 16,691 Shares of Amazon.com, Inc. $AMZN

Smith Chas P & Associates PA Cpas raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 158,445 shares of the e-commerce giant's stock after purchasing an additional 16,691 shares during the quarter. Amazon.com accounts for approximately 2.0% of Smith Chas P & Associates PA Cpas' holdings, making the stock its 22nd biggest position. Smith Chas P & Associates PA Cpas' holdings in Amazon.com were worth $34,761,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AMZN. Ridgecrest Wealth Partners LLC lifted its holdings in Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock worth $1,843,000 after purchasing an additional 45 shares in the last quarter. Bare Financial Services Inc boosted its stake in shares of 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 purchasing an additional 48 shares during the period. Heritage Oak Wealth Advisors LLC increased its stake in shares of 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 buying an additional 48 shares during the period. Cobblestone Asset Management LLC increased its stake in shares of 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 buying an additional 50 shares during the period. Finally, Seek First Inc. raised its holdings in Amazon.com by 0.5% in the second quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant's stock worth $2,009,000 after purchasing an additional 50 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on 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 of the company's stock, valued at $202,777,588,034.13. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction that occurred 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 trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,864,716 shares of company stock valued at $2,486,013,854 over the last 90 days. 10.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMZN. Citigroup reissued an "overweight" rating on shares of Amazon.com in a report on Wednesday, August 13th. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an "outperform" rating in a report on Tuesday, July 1st. BMO Capital Markets increased their target price on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Zacks Research cut Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Cowen reiterated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Buy" and an average price target of $266.26.

Amazon.com Stock Performance

Shares of AMZN opened at $220.07 on Tuesday. The stock has a 50-day simple moving average of $226.10 and a 200-day simple moving average of $212.16. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market capitalization of $2.35 trillion, a PE ratio of 33.55, a PEG ratio of 1.43 and a beta of 1.28. 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 issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share 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 business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the company earned $1.26 EPS. The business's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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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