PTM Wealth Management LLC Acquires Shares of 2,572 Amazon.com, Inc. $AMZN

PTM Wealth Management LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,572 shares of the e-commerce giant’s stock, valued at approximately $489,000. Amazon.com accounts for approximately 0.5% of PTM Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Western Wealth Management LLC raised its position in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after purchasing an additional 1,297 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in Amazon.com in the first quarter valued at about $514,000. Bearing Point Capital LLC purchased a new position in Amazon.com in the fourth quarter valued at about $12,014,000. Evergreen Capital Management LLC raised its position in Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after purchasing an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.2%

NASDAQ:AMZN opened at $229.12 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a 50-day simple moving average of $223.48 and a 200 day simple moving average of $208.13. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last issued 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. 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 firm posted $1.26 earnings per share. Amazon.com’s quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com 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 value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 25,097,911 shares of company stock valued at $5,675,986,299 in the last three months. Insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on AMZN shares. Tigress Financial raised their price objective on Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Piper Sandler lifted their target price on Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Citigroup reaffirmed an “overweight” rating on shares of Amazon.com in a research report on Wednesday, August 13th. Royal Bank Of Canada lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, Moffett Nathanson lifted their target price on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $262.87.

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.