Spartan Planning & Wealth Management Purchases 9,369 Shares of Amazon.com, Inc. $AMZN

Key Points

• Spartan Planning & Wealth Management increased its stake in Amazon.com by 92.6% in the second quarter, owning a total of 19,488 shares valued at approximately $4.27 million.
• Various analysts set new price targets for Amazon.com, with Pivotal Research raising its target to $285 and Mizuho setting a target at $300, reflecting a general consensus rating of "Buy."
• Insider selling activity included CEO Matthew S. Garman and CFO Brian T. Olsavsky selling shares, each reducing their respective stakes significantly, while corporate insiders hold 10.80% of Amazon's stock.

Spartan Planning & Wealth Management boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 92.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,488 shares of the e-commerce giant's stock after buying an additional 9,369 shares during the quarter. Amazon.com makes up approximately 3.7% of Spartan Planning & Wealth Management's holdings, making the stock its 8th largest holding. Spartan Planning & Wealth Management's holdings in Amazon.com were worth $4,275,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Carderock Capital Management Inc. acquired a new position in Amazon.com in the second quarter valued at approximately $27,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at $40,000. Maryland Capital Advisors Inc. increased its position in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after buying an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. bought a new stake in shares of Amazon.com in the 1st quarter valued at $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Pivotal Research upped their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Oppenheimer lowered their price objective on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research report on Friday, August 1st. Cowen reissued a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, Mizuho set a $300.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Monday, September 29th. Three 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $266.26.

Amazon.com Trading Up 1.7%

Amazon.com stock opened at $220.07 on Tuesday. The firm has a 50-day moving average of $226.10 and a 200-day moving average of $212.16. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a market cap of $2.35 trillion, a price-to-earnings ratio of 33.55, a P/E/G ratio of 1.43 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter last year, the firm posted $1.26 EPS. The company'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, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.57, for a total value of $3,940,622.45. Following the completion of the transaction, the chief executive officer owned 3,138 shares of the company's stock, valued at $695,286.66. This trade represents a 85.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the transaction, the chief financial officer directly 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,864,716 shares of company stock worth $2,486,013,854. Corporate insiders own 10.80% of the company's stock.

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.

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.