Wedmont Private Capital Sells 6,864 Shares of Amazon.com, Inc. $AMZN

Key Points

• Wedmont Private Capital has reduced its stake in Amazon.com, Inc. by 4.3%, selling 6,864 shares, leaving it with 153,735 shares, which represent 1.5% of its total holdings.
• Analysts have recently increased their price targets for Amazon.com, with a consensus target price now at $264.04, and the company holding a consensus rating of "Buy".
• In recent insider transactions, SVP David Zapolsky and CEO Douglas J. Herrington sold 13,570 and 2,500 shares, respectively, indicating a decrease in their ownership of the company stock.

Wedmont Private Capital decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 153,735 shares of the e-commerce giant's stock after selling 6,864 shares during the period. Amazon.com makes up about 1.5% of Wedmont Private Capital's holdings, making the stock its 15th largest holding. Wedmont Private Capital's holdings in Amazon.com were worth $34,212,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AMZN. Bare Financial Services Inc increased its holdings 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 buying an additional 48 shares during the period. Talisman Wealth Advisors LLC increased its holdings in Amazon.com by 1.2% during the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock valued at $1,020,000 after purchasing an additional 53 shares during the period. Stonekeep Investments LLC boosted its position in Amazon.com by 0.4% during the 2nd quarter. Stonekeep Investments LLC now owns 13,811 shares of the e-commerce giant's stock valued at $3,030,000 after acquiring an additional 54 shares in the last quarter. SWAN Capital LLC boosted its position in Amazon.com by 3.1% during the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after acquiring an additional 55 shares in the last quarter. Finally, Hamel Associates Inc. boosted its position in Amazon.com by 1.4% during the 1st quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant's stock valued at $780,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. DA Davidson lifted their price objective on Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Robert W. Baird boosted their price target on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Piper Sandler boosted their price target on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Stifel Nicolaus boosted their price target on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $264.04.

Amazon.com Price Performance

Shares of AMZN opened at $220.21 on Thursday. The firm has a market cap of $2.35 trillion, a PE ratio of 33.57, a P/E/G ratio of 1.47 and a beta of 1.30. 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 firm has a fifty day simple moving average of $227.68 and a two-hundred day simple moving average of $209.83. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. This represents a 23.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total value of $558,725.00. Following the completion of the sale, the chief executive officer owned 518,007 shares of the company's stock, valued at $115,769,384.43. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,097,911 shares of company stock worth $5,676,032,574 over the last three months. 9.70% of the stock is currently owned by insiders.

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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