Venturi Wealth Management LLC Increases Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Venturi Wealth Management LLC increased its holdings in Amazon.com, Inc. by 11.1% in the first quarter, owning approximately 76,864 shares valued at $14.6 million.
• Amazon's stock price rose by 3.1% to $228.84, with a market cap of $2.44 trillion and a recent earnings report showing $1.68 EPS, surpassing estimates.
• A variety of analysts have set new price targets for Amazon, with JMP Securities anticipating a price objective of $285.00 and an average target price currently at $262.87.

Venturi Wealth Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,864 shares of the e-commerce giant's stock after buying an additional 7,665 shares during the quarter. Venturi Wealth Management LLC's holdings in Amazon.com were worth $14,624,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new stake in Amazon.com in the fourth quarter worth $35,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the first quarter worth $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com in the first quarter worth $40,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 3.1%

Shares of AMZN stock traded up $6.89 during mid-day trading on Friday, hitting $228.84. 37,264,095 shares of the stock traded hands, compared to its average volume of 46,830,960. The stock has a market cap of $2.44 trillion, a P/E ratio of 34.88, a P/E/G ratio of 1.49 and a beta of 1.31. The stock's fifty day moving average is $222.30 and its two-hundred day moving average is $208.35. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. 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 issued its earnings results 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 return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Amazon.com's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on AMZN shares. JMP Securities reiterated a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Piper Sandler boosted their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Zacks Research cut shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Finally, Tigress Financial boosted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $262.87.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 4,784 shares of Amazon.com stock in a transaction on Friday, August 15th. The shares were sold at an average price of $232.32, for a total value of $1,111,418.88. Following the sale, the chief executive officer owned 510,255 shares of the company's stock, valued at approximately $118,542,441.60. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the transaction, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,012,284 shares of company stock worth $5,656,976,492 in the last ninety days. Corporate insiders own 9.70% 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.