Cary Street Partners Investment Advisory LLC Acquires 2,322 Shares of Amazon.com, Inc. $AMZN

Cary Street Partners Investment Advisory LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 19.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,288 shares of the e-commerce giant’s stock after buying an additional 2,322 shares during the period. Amazon.com makes up about 1.6% of Cary Street Partners Investment Advisory LLC’s investment portfolio, making the stock its 8th biggest position. Cary Street Partners Investment Advisory LLC’s holdings in Amazon.com were worth $2,718,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $25,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the first quarter valued at approximately $40,000. Capitol Family Office Inc. bought a new stake in Amazon.com in the first quarter valued at approximately $42,000. Finally, Harbor Investment Advisory LLC increased its stake in Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 2,145 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. BMO Capital Markets upped their target price on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Moffett Nathanson upped their target price on shares of Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Finally, Rosenblatt Securities upped their target price on shares of Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Two research 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 data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $262.87.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction on Friday, July 11th. The shares were 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 owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 over the last ninety days. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Down 1.4%

Amazon.com stock opened at $232.33 on Friday. The company has a market cap of $2.48 trillion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a fifty day simple moving average of $225.74 and a 200 day simple moving average of $208.13. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

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

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.