Arcadia Wealth Management Inc. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,792 shares of the e-commerce giant’s stock after selling 53 shares during the quarter. Arcadia Wealth Management Inc.’s holdings in Amazon.com were worth $341,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the 1st quarter valued at approximately $40,000. Capitol Family Office Inc. acquired a new stake in Amazon.com in the 1st quarter valued at approximately $42,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Amazon.com in the 1st quarter valued at approximately $59,000. Finally, von Borstel & Associates Inc. acquired a new stake in Amazon.com in the 1st quarter valued at approximately $66,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Amazon.com
In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 25,097,911 shares of company stock worth $5,676,032,574 in the last quarter. Insiders own 10.80% of the company’s stock.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly 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. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. Amazon.com’s revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on AMZN. UBS Group reiterated a “buy” rating and set a $271.00 price target (up from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Roth Capital set a $250.00 price target on Amazon.com and gave the company a “buy” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price target on Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Canaccord Genuity Group reiterated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $300.00 price target on shares of Amazon.com in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average price target of $262.87.
Check Out Our Latest Stock Analysis on AMZN
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.
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