Meredith Wealth Planning Sells 131 Shares of Amazon.com, Inc. $AMZN

Meredith Wealth Planning lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,749 shares of the e-commerce giant’s stock after selling 131 shares during the period. Amazon.com comprises about 0.5% of Meredith Wealth Planning’s investment portfolio, making the stock its 27th biggest position. Meredith Wealth Planning’s holdings in Amazon.com were worth $1,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LSV Asset Management bought a new position in shares of Amazon.com during the 4th quarter valued at $35,000. Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% during the 4th 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 during the last quarter. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 1st quarter valued at $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the 1st quarter valued at $40,000. Finally, Capitol Family Office Inc. bought a new stake in Amazon.com in the 1st quarter worth $42,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.1%

Shares of NASDAQ AMZN opened at $229.00 on Friday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The stock has a market cap of $2.44 trillion, a P/E ratio of 34.91, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31. The firm has a 50-day moving average of $224.25 and a 200 day moving average of $208.10. 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 (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 analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same period last year, the company posted $1.26 EPS. Amazon.com’s revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on AMZN. Citizens Jmp began coverage on shares of Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Benchmark reissued a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Telsey Advisory Group reissued an “outperform” rating and issued a $265.00 price target on shares of Amazon.com in a report on Wednesday, August 13th. Wells Fargo & Company raised their price target on shares of Amazon.com from $238.00 to $245.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Finally, Jefferies Financial Group raised their price target on shares of Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Two 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 presently has a consensus rating of “Buy” and an average target price of $262.87.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated 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 completion of the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 25,097,911 shares of company stock worth $5,675,986,299. 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.