Talbot Financial LLC Has $59.67 Million Holdings in Amazon.com, Inc. $AMZN

Key Points

• Talbot Financial LLC increased its holdings in Amazon.com, Inc. by 17.9% during the second quarter, raising its total stake to approximately $59.67 million and making it the firm's third largest investment.
• Insider selling activity was notable, with Jeff Bezos selling over 2.6 million shares valued at approximately $609 million, reducing his ownership by 0.30%.
• Amazon.com shares recently opened at $222.03, showing a 2.6% increase, with the company reporting a quarterly earnings per share of $1.68, exceeding analyst expectations.

Talbot Financial LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 17.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 271,989 shares of the e-commerce giant's stock after buying an additional 41,197 shares during the period. Amazon.com makes up approximately 5.6% of Talbot Financial LLC's investment portfolio, making the stock its 3rd biggest position. Talbot Financial LLC's holdings in Amazon.com were worth $59,672,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Ridgecrest Wealth Partners LLC raised its position in Amazon.com by 0.5% during the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock valued at $1,843,000 after purchasing an additional 45 shares in the last quarter. Bare Financial Services Inc raised its position in 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 in the last quarter. Heritage Oak Wealth Advisors LLC raised its position in 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 purchasing an additional 48 shares in the last quarter. Cobblestone Asset Management LLC raised its position in 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 purchasing an additional 50 shares in the last quarter. Finally, Seek First Inc. raised its position in Amazon.com by 0.5% during the second quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant's stock valued at $2,009,000 after purchasing an additional 50 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares in the company, valued at $9,825,943.60. This represents a 23.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,741,053 shares of company stock worth $630,824,413 in the last 90 days. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Up 2.6%

Shares of NASDAQ AMZN opened at $222.03 on Wednesday. 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 firm has a market cap of $2.37 trillion, a PE ratio of 33.85, a P/E/G ratio of 1.43 and a beta of 1.28. The company's fifty day simple moving average is $225.57 and its 200 day simple moving average is $213.26. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AMZN shares. Moffett Nathanson upped their price target on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Susquehanna upped their price target on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Jefferies Financial Group reiterated a "buy" rating on shares of Amazon.com in a report on Monday. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $265.00 price target on shares of Amazon.com in a report on Wednesday, September 24th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of "Buy" and an average price target of $267.27.

Amazon.com 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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