Waypoint Wealth Partners Inc. lessened its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 58.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,357 shares of the e-commerce giant's stock after selling 6,157 shares during the quarter. Waypoint Wealth Partners Inc.'s holdings in Amazon.com were worth $956,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Cooksen Wealth LLC purchased a new position in Amazon.com in the 1st quarter worth about $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com in the 1st quarter worth about $40,000. Capitol Family Office Inc. purchased a new position in Amazon.com in the 1st quarter worth about $42,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Amazon.com in the 1st quarter worth about $59,000. Finally, von Borstel & Associates Inc. purchased a new position in Amazon.com in the 1st quarter worth about $66,000. Institutional investors own 72.20% of the company's stock.
Amazon.com Stock Down 0.9%
Shares of Amazon.com stock opened at $218.15 on Friday. The firm's 50 day moving average price is $227.57 and its 200-day moving average price is $210.00. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a market cap of $2.33 trillion, a P/E ratio of 33.25, a PEG ratio of 1.47 and a beta of 1.30.
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, topping 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 firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous year, the firm earned $1.26 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Insider Activity
In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 21,997,911 shares of company stock valued at $4,989,630,574. 9.70% of the stock is owned by insiders.
Analyst Ratings Changes
AMZN has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Thursday, September 11th. Citigroup reaffirmed an "overweight" rating on shares of Amazon.com in a research note on Wednesday, August 13th. Robert W. Baird raised their price target on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Oppenheimer cut their target price on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Finally, Wall Street Zen raised shares of Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two 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 data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $264.04.
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About Amazon.com
(
Free Report)
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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