Accelerate Investment Advisors LLC Has $3.39 Million Stake in Amazon.com, Inc. $AMZN

Accelerate Investment Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 17.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,466 shares of the e-commerce giant’s stock after buying an additional 2,352 shares during the quarter. Amazon.com comprises approximately 2.5% of Accelerate Investment Advisors LLC’s holdings, making the stock its 8th largest holding. Accelerate Investment Advisors LLC’s holdings in Amazon.com were worth $3,393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital Asset Advisory Services LLC increased its stake in Amazon.com by 12.6% in the second quarter. Capital Asset Advisory Services LLC now owns 91,786 shares of the e-commerce giant’s stock worth $20,235,000 after purchasing an additional 10,286 shares during the period. Wesbanco Bank Inc. increased its stake in shares of Amazon.com by 11.8% during the second quarter. Wesbanco Bank Inc. now owns 385,123 shares of the e-commerce giant’s stock valued at $84,492,000 after buying an additional 40,745 shares during the period. Verde Capital Management increased its stake in shares of Amazon.com by 6.5% during the second quarter. Verde Capital Management now owns 16,699 shares of the e-commerce giant’s stock valued at $3,664,000 after buying an additional 1,012 shares during the period. Somerset Trust Co boosted its position in Amazon.com by 9.4% during the second quarter. Somerset Trust Co now owns 2,137 shares of the e-commerce giant’s stock valued at $469,000 after purchasing an additional 184 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in Amazon.com by 31.2% during the second quarter. Versant Capital Management Inc now owns 27,024 shares of the e-commerce giant’s stock valued at $5,929,000 after purchasing an additional 6,425 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,715 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. This represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the sale, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock worth $5,676,032,574 over the last quarter. 9.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AMZN shares. Cowen reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Moffett Nathanson raised their price target on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Bank of America lifted their target price on Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Robert W. Baird lifted their target price on Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, Cantor Fitzgerald lifted their target price on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $263.30.

Amazon.com Price Performance

AMZN stock opened at $231.23 on Friday. 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 has a market capitalization of $2.47 trillion, a PE ratio of 35.25, a P/E/G ratio of 1.55 and a beta of 1.30. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The business’s fifty day moving average price is $227.68 and its 200 day moving average price is $209.23.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (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 the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current 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.