Sowell Financial Services LLC Has $49.94 Million Holdings in Amazon.com, Inc. $AMZN

Key Points

• Sowell Financial Services LLC increased its stake in Amazon.com by 4.1% during Q2, now holding 227,629 shares valued at approximately $49.94 million, which makes up 2.0% of its investment portfolio.
• Research analysts have a positive outlook on Amazon, with the consensus rating being a "Buy" and a target price averaging around $264.13.
• In a recent quarterly earnings report, Amazon posted earnings per share of $1.68, significantly exceeding analysts' expectations of $1.31, along with revenues of $167.70 billion.

Sowell Financial Services LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 227,629 shares of the e-commerce giant's stock after purchasing an additional 8,957 shares during the period. Amazon.com comprises 2.0% of Sowell Financial Services LLC's investment portfolio, making the stock its 6th largest position. Sowell Financial Services LLC's holdings in Amazon.com were worth $49,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of AMZN. Bare Financial Services Inc increased its holdings in Amazon.com by 5.4% during the 1st 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. Vista Investment Partners LLC increased its holdings in Amazon.com by 0.9% during the 2nd quarter. Vista Investment Partners LLC now owns 5,859 shares of the e-commerce giant's stock valued at $1,285,000 after purchasing an additional 52 shares during the period. Talisman Wealth Advisors LLC increased its holdings in Amazon.com by 1.2% during the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock valued at $1,020,000 after purchasing an additional 53 shares during the period. Stonekeep Investments LLC increased its holdings in Amazon.com by 0.4% during the 2nd quarter. Stonekeep Investments LLC now owns 13,811 shares of the e-commerce giant's stock valued at $3,030,000 after purchasing an additional 54 shares during the period. Finally, SWAN Capital LLC increased its holdings in Amazon.com by 3.1% during the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after purchasing an additional 55 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMZN shares. Cowen reiterated a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Royal Bank Of Canada upped their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Barclays upped their target price on Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Finally, UBS Group reiterated a "buy" rating and set a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Two research 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. Based on data from MarketBeat.com, Amazon.com has an average rating of "Buy" and a consensus target price of $264.13.

Amazon.com Stock Performance

Shares of AMZN opened at $222.17 on Tuesday. The business's fifty day simple moving average is $227.30 and its two-hundred day simple moving average is $210.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a market cap of $2.37 trillion, a price-to-earnings ratio of 33.87, a P/E/G ratio of 1.47 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm 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 company's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 518,007 shares in the company, valued at $115,769,384.43. This trade represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the transaction, the vice president owned 119,780 shares of the company's stock, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,770,485 shares of company stock worth $4,938,795,968 in the last three months. 10.80% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.