Proficio Capital Partners LLC Has $15.91 Million Position in Amazon.com, Inc. $AMZN

Proficio Capital Partners LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,328 shares of the e-commerce giant’s stock after purchasing an additional 952 shares during the quarter. Amazon.com accounts for about 1.2% of Proficio Capital Partners LLC’s portfolio, making the stock its 16th biggest position. Proficio Capital Partners LLC’s holdings in Amazon.com were worth $15,906,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com during the fourth quarter worth about $35,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the first quarter worth about $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com during the first quarter worth about $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 1.8%

AMZN stock opened at $223.81 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $222.12 and a two-hundred day moving average price of $208.46. The company has a market cap of $2.39 trillion, a price-to-earnings ratio of 34.12, a P/E/G ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the company posted $1.26 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

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 stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 25,012,284 shares of company stock worth $5,656,976,492. Insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Canaccord Genuity Group reiterated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Truist Financial increased their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Piper Sandler increased their price objective on Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wall Street Zen upgraded Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Scotiabank increased their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average 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.