Washington Growth Strategies LLC Invests $1.68 Million in Amazon.com, Inc. $AMZN

Key Points

• Washington Growth Strategies LLC has invested $1.68 million in Amazon.com, Inc., acquiring 7,655 shares in the second quarter, making the stock its 21st largest holding.
• Insiders have sold 6,591,479 shares of Amazon stock worth over $1.5 billion in the past three months, with CEO Douglas J. Herrington selling 2,500 shares recently.
• Various research firms have given Amazon.com an overwhelmingly positive outlook, with a consensus rating of "Buy" and a target price of $266.26.

Washington Growth Strategies LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,655 shares of the e-commerce giant's stock, valued at approximately $1,679,000. Amazon.com comprises about 1.3% of Washington Growth Strategies LLC's portfolio, making the stock its 21st biggest holding.

Other institutional investors also recently made changes to their positions in the company. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com in the second quarter worth $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the first quarter valued at $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the first quarter valued at $40,000. Maryland Capital Advisors Inc. increased its stake in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after purchasing an additional 95 shares during the last quarter. Finally, Capitol Family Office Inc. acquired a new position in Amazon.com in the first quarter valued at $42,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the sale, the chief executive officer owned 515,507 shares of the company's stock, valued at $111,916,569.70. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,591,479 shares of company stock valued at $1,512,698,663. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

AMZN stock opened at $213.04 on Monday. The stock has a 50-day moving average price of $225.66 and a two-hundred day moving average price of $212.88. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.27 trillion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (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 during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous year, the business earned $1.26 earnings per share. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMZN. Citigroup reiterated an "overweight" rating on shares of Amazon.com in a research note on Wednesday, August 13th. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Citizens Jmp began coverage on Amazon.com in a research note on Thursday, July 10th. They issued a "strong-buy" rating for the company. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Finally, Wells Fargo & Company upgraded Amazon.com from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $245.00 to $280.00 in a research note on Wednesday, September 24th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Amazon.com has a consensus rating of "Buy" and a consensus target price of $266.26.

Amazon.com Company 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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