Assetmark Inc. Boosts Stock Holdings in Amazon.com, Inc. $AMZN

Assetmark Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,779,058 shares of the e-commerce giant’s stock after buying an additional 97,042 shares during the period. Amazon.com makes up approximately 0.9% of Assetmark Inc.’s holdings, making the stock its 24th largest holding. Assetmark Inc.’s holdings in Amazon.com were worth $338,484,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new stake in Amazon.com during the 4th quarter valued at $35,000. Cooksen Wealth LLC bought a new stake in Amazon.com during the 1st quarter valued at $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Amazon.com during the 1st quarter valued at $40,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 3.1%

AMZN stock opened at $228.84 on Friday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The company has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. The business’s 50 day moving average price is $222.63 and its two-hundred day moving average price is $208.07. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMZN shares. Benchmark restated a “buy” rating and issued a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Monness Crespi & Hardt raised their target price on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Piper Sandler boosted their price target on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. DA Davidson upped their price target on Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Zacks Research lowered Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $262.87.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider 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 filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 25,012,284 shares of company stock worth $5,656,976,492 over the last ninety days. Company insiders own 9.70% of the company’s stock.

About Amazon.com

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.