Financial Advisors Network Inc. Decreases Stock Position in Amazon.com, Inc. $AMZN

Financial Advisors Network Inc. cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,946 shares of the e-commerce giant’s stock after selling 154 shares during the quarter. Financial Advisors Network Inc.’s holdings in Amazon.com were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC bought a new position in Amazon.com during the 4th quarter valued at $25,000. Cooksen Wealth LLC bought a new position in Amazon.com during the 1st quarter valued at $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the 1st quarter valued at $40,000. Capitol Family Office Inc. bought a new position in Amazon.com during the 1st quarter valued at $42,000. Finally, Harbor Investment Advisory LLC boosted its stake in Amazon.com by 0.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 2,145 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s 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 owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Down 3.3%

Amazon.com stock opened at $230.33 on Thursday. The stock has a market cap of $2.46 trillion, a price-to-earnings ratio of 35.11, a PEG ratio of 1.60 and a beta of 1.30. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $226.63 and its two-hundred day moving average price is $208.40. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Barclays increased their target price on shares of Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. BMO Capital Markets increased their target price on shares of Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Wells Fargo & Company increased their target price 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, Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Two investment 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 MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $262.87.

Amazon.com Company 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.