Spirepoint Private Client LLC Increases Stake in Amazon.com, Inc. $AMZN

Key Points

• Spirepoint Private Client LLC increased its stake in Amazon.com, Inc. by 1.4% during Q2, holding 79,997 shares valued at approximately $17.55 million.
• Amazon reported $1.68 earnings per share for its latest quarter, beating estimates by $0.37, and showed a 13.3% year-over-year revenue increase to $167.70 billion.
• Multiple equity research analysts have rated Amazon with a consensus target price of $266.26, reflecting strong investor interest with 72.20% of shares held by institutional investors.

Spirepoint Private Client LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,997 shares of the e-commerce giant's stock after purchasing an additional 1,134 shares during the period. Amazon.com makes up about 2.0% of Spirepoint Private Client LLC's investment portfolio, making the stock its 8th largest position. Spirepoint Private Client LLC's holdings in Amazon.com were worth $17,551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AMZN. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com during the second quarter valued at $27,000. Cooksen Wealth LLC bought a new position in Amazon.com in the first quarter worth about $36,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the first quarter valued at about $40,000. Maryland Capital Advisors Inc. increased its holdings in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after acquiring an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com in the first quarter valued at approximately $42,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 1.1%

AMZN opened at $227.74 on Friday. The business's fifty day moving average is $225.90 and its two-hundred day moving average is $211.75. 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 company has a market cap of $2.43 trillion, a price-to-earnings ratio of 34.72, a PEG ratio of 1.51 and a beta of 1.28. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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. 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 the consensus estimate of $161.80 billion. During the same period in the prior year, the business earned $1.26 earnings per share. The business's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction dated 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 completion of the sale, the insider directly owned 890,273,469 shares in the company, valued at $202,777,588,034.13. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the sale, the chief executive officer owned 3,138 shares of the company's stock, valued at $695,286.66. This represents a 85.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,040,098 shares of company stock valued at $3,204,129,405 in the last three months. Company insiders own 9.70% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Stifel Nicolaus raised their price objective on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, UBS Group restated a "buy" rating and set a $271.00 target price (up from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $266.26.

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.