Nova Wealth Management Inc. Sells 602 Shares of Amazon.com, Inc. $AMZN

Nova Wealth Management Inc. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,766 shares of the e-commerce giant’s stock after selling 602 shares during the period. Amazon.com comprises 0.9% of Nova Wealth Management Inc.’s portfolio, making the stock its 27th biggest holding. Nova Wealth Management Inc.’s holdings in Amazon.com were worth $1,097,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its position in shares of Amazon.com by 34.9% during the 1st quarter. Jones Financial Companies Lllp now owns 2,029,711 shares of the e-commerce giant’s stock valued at $390,630,000 after buying an additional 524,767 shares in the last quarter. Anson Funds Management LP lifted its position in shares of Amazon.com by 28.7% during the 1st quarter. Anson Funds Management LP now owns 3,839 shares of the e-commerce giant’s stock valued at $730,000 after buying an additional 856 shares in the last quarter. Vista Cima Wealth Management LLC lifted its position in shares of Amazon.com by 12.4% during the 1st quarter. Vista Cima Wealth Management LLC now owns 10,017 shares of the e-commerce giant’s stock valued at $1,906,000 after buying an additional 1,107 shares in the last quarter. Silicon Valley Capital Partners raised its stake in Amazon.com by 14.3% during the 1st quarter. Silicon Valley Capital Partners now owns 164,895 shares of the e-commerce giant’s stock valued at $31,779,000 after purchasing an additional 20,623 shares during the period. Finally, Anderson Financial Strategies LLC raised its stake in Amazon.com by 2,762.1% during the 1st quarter. Anderson Financial Strategies LLC now owns 1,660 shares of the e-commerce giant’s stock valued at $316,000 after purchasing an additional 1,602 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BNP Paribas raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Wedbush boosted their target price on Amazon.com from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Truist Financial boosted their price objective on Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Needham & Company LLC restated a “buy” rating and set a $265.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Finally, Citizens Jmp initiated coverage on Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating for the company. Two 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $262.87.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 0.8%

Amazon.com stock opened at $228.15 on Monday. The stock has a 50-day moving average of $226.87 and a two-hundred day moving average of $208.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market cap of $2.43 trillion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS 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.