GK Wealth Management LLC Has $4.35 Million Holdings in Amazon.com, Inc. $AMZN

GK Wealth Management LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,870 shares of the e-commerce giant’s stock after acquiring an additional 2,566 shares during the period. Amazon.com comprises 5.1% of GK Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. GK Wealth Management LLC’s holdings in Amazon.com were worth $4,351,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cooksen Wealth LLC bought a new position in Amazon.com in the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com in the 1st quarter valued at $40,000. Capitol Family Office Inc. bought a new position in Amazon.com in the 1st quarter valued at $42,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Amazon.com in the 1st quarter valued at $59,000. Finally, von Borstel & Associates Inc. bought a new position in Amazon.com in the 1st quarter valued at $66,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on AMZN. The Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Citizens Jmp began coverage on shares of Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating for the company. Needham & Company LLC reissued a “buy” rating and issued a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and an average target price of $262.87.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction that occurred 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 directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.8%

AMZN opened at $228.15 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average price of $226.87 and a 200-day moving average price of $208.58. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The stock has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 34.78, a PEG ratio of 1.53 and a beta of 1.31.

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

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.