Avantax Advisory Services Inc. Has $138.97 Million Position in Amazon.com, Inc. $AMZN

Avantax Advisory Services Inc. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 730,441 shares of the e-commerce giant’s stock after purchasing an additional 40,808 shares during the period. Amazon.com comprises approximately 0.8% of Avantax Advisory Services Inc.’s holdings, making the stock its 14th largest position. Avantax Advisory Services Inc.’s holdings in Amazon.com were worth $138,974,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management acquired a new stake in Amazon.com during the fourth quarter valued at $35,000. Perritt Capital Management Inc grew its stake in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Amazon.com in the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMZN shares. Roth Capital set a $250.00 price target on Amazon.com and gave the company a “buy” rating in a report on Tuesday, July 8th. BNP Paribas upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. DA Davidson increased their price target on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, BNP Paribas Exane upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective for the company in a report on Friday, June 27th. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average target price of $262.87.

Insider Buying and Selling

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

Amazon.com Stock Up 3.1%

Amazon.com stock opened at $228.84 on Friday. 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 fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm has a fifty day moving average price of $222.63 and a two-hundred day moving average price of $208.07. The firm has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 1.54 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate 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 was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $1.26 earnings per share. 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 year.

Amazon.com 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.