Wealthcare Capital Management LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 50.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,737 shares of the e-commerce giant's stock after selling 1,797 shares during the period. Wealthcare Capital Management LLC's holdings in Amazon.com were worth $381,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Ridgecrest Wealth Partners LLC lifted its position in shares of Amazon.com by 0.5% in the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock worth $1,843,000 after purchasing an additional 45 shares in the last quarter. Bare Financial Services Inc lifted its position in shares of Amazon.com by 5.4% in the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant's stock worth $177,000 after purchasing an additional 48 shares in the last quarter. Heritage Oak Wealth Advisors LLC lifted its position in shares of Amazon.com by 1.2% in the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant's stock worth $862,000 after purchasing an additional 48 shares in the last quarter. Cobblestone Asset Management LLC lifted its position in shares of Amazon.com by 3.1% in the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant's stock worth $367,000 after purchasing an additional 50 shares in the last quarter. Finally, Seek First Inc. lifted its position in shares of Amazon.com by 0.5% in the second quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant's stock worth $2,009,000 after purchasing an additional 50 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Price Performance
NASDAQ:AMZN opened at $222.03 on Wednesday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a market cap of $2.37 trillion, a P/E ratio of 33.85, a P/E/G ratio of 1.43 and a beta of 1.28. The firm's fifty day moving average price is $225.57 and its two-hundred day moving average price is $213.26. 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 released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating 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 firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the company earned $1.26 earnings per share. The company's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
Insiders Place Their Bets
In related news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the transaction, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,741,053 shares of company stock valued at $630,824,413 in the last three months. Insiders own 10.80% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on AMZN. Jefferies Financial Group reissued a "buy" rating on shares of Amazon.com in a research report on Monday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Morgan Stanley restated an "overweight" rating on shares of Amazon.com in a report on Wednesday, September 10th. Robert W. Baird boosted their target price on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Zacks Research downgraded shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of "Buy" and an average target price of $267.27.
Check Out Our Latest Report on AMZN
Amazon.com Profile
(
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.
Further Reading
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).
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