Wealth Alliance LLC Has $11.56 Million Holdings in Amazon.com, Inc. $AMZN

Key Points

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Wealth Alliance LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,778 shares of the e-commerce giant's stock after selling 2,277 shares during the quarter. Amazon.com comprises approximately 1.4% of Wealth Alliance LLC's holdings, making the stock its 11th largest position. Wealth Alliance LLC's holdings in Amazon.com were worth $11,564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the 4th quarter valued at $27,000. LSV Asset Management acquired a new position in Amazon.com during the 4th quarter valued at $35,000. Cooksen Wealth LLC acquired a new position in Amazon.com during the 1st quarter valued at $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Amazon.com during the 1st quarter valued at $40,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Amazon.com Price Performance

Shares of AMZN traded down $2.2180 during trading hours on Thursday, hitting $221.5920. The stock had a trading volume of 20,074,784 shares, compared to its average volume of 44,516,859. The company's fifty day moving average is $222.12 and its two-hundred day moving average is $208.46. 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, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The stock has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 1.54 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business 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 EPS. 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. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AMZN shares. Evercore ISI reiterated an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a research note on Wednesday, August 13th. Piper Sandler upped their target price on shares of Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Cowen reiterated a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Scotiabank upped their target price on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. Finally, Cantor Fitzgerald boosted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of "Buy" and a consensus price target of $262.87.

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.